Cancellation insurance : What if your due notice has not arrived on time?

You want to cancel your insurance policy but have not received notice of maturity would have send your insurer ? Do not worry, thanks to the Act Châtel you now hold the power to terminate as you wish , at any time.
Bête noire of the insured, the tacit (automatic renewal) insurance contracts each year brings many consumers in an indelicate situation. Once past the anniversary date of their contract , they find themselves stuck with a coverage they no longer want , often at too high compared to their average prices .

Châtel Act , the best weapon of the insured

To avoid this disadvantage configuration for the insured, the Chatel Act of 2008 strengthened the regulatory framework surrounding the insurance termination. If consumers hold duties , it is the same for insurers must comply with certain provisions , particularly in terms of time .

Here are the standards that the Act imposed Châtel :

- The insurer is obliged to inform the client at the earliest three months and not later than 15 days before the termination time limit (2 months ago) , the right not to renew his contract. Including an opinion letter generally due to the coming year with the new insurance rates .

- If the insured receives the notice of maturity less than 15 days before the end of the cancellation period , or even after that date, it has a further period of 20 days to request termination of his contract

- If notice is not received prior to the anniversary date of the contract , termination can occur at any time and without application of penalties

specific case

Suppose the anniversary date of the auto insurance policy Ms. Thibaud on January 1 . Legally , it therefore has until 1 November (deadline ) to terminate his contract , taking into account the required 2 months notice .

- The maturity notice sent by the insurer must be received by Ms. Thibaud between 1 August (3 months before the notice) and October 15 (15 days before) .

- If Ms. Thibaud receives letter from his insurer or maturity between 15 and 30 October (less than 15 days before the end of the period of notice) opinion, it has an additional 20 days to cancel his contract.

- If Ms. Thibaud receives letter from his insurer after this date or does not receive anything, it may terminate the contract at any time .

Warning: When the notice due disguises !

It is important to take care to detail that can make many policyholders into trouble. Today , insurers do not take the trouble to send their customers express their letters indicating their ability not to renew their contract. They just pass the new schedule including future insurance prices, but it serves as official letter and should be treated as such.