When an owner decides to unsubscribe the car, and in the event still have existing insurance policy associated with it, it is likely that arise questions about the documentation you will need to bring, or if it is possible to occur for the not enjoyed coverage period return. The amount that we normally pay for having a policy that covers the needs of our car, he is calculated on a yearly basis and is fully indivisible. Even if the insured have a payment method that allows you to split the amount and enter them monthly, quarterly or Semiannually, has no effect on the calculation of the total amount that is paid by the policy, since it is simply a facility that the company is offering to its customers, to meet the need for who can not perform a one-time payment. In addition the insurer is entitled to not return the amount corresponding to the proportion not enjoyed the policy, regardless of is actioned the low car or not, before the expiry of its validity. The document which will typically require that the insurance company can terminate the policy once the car has given definitive low in traffic and it has been sent to the scrap yard, is the certificate of destruction, document that necessarily has to deliver the authorized treatment (C.A.T.) to the owner of the vehicle in question. Also, depending on the company they can ask us the definitive termination report. But apart from the permanent loss of the vehicle, is also important to mention that there are other types of casualties that may be cause of the low car insurance company.
The transmission of the vehicle to a second person is one of them, since to be held the change in ownership occurs low in the policy to the previous owner, and updates the data with the new owner. The holder will have to notify the company within a period not exceeding 15 days from the date of transmission and indicate the data of the new owner as well as attach a copy of the original sales receipt. Is likely that Depending on the insurer, you deduct the proportionate part of the premium not enjoyed, from the hiring of a new policy for another vehicle in the name of the former owner. Also that a car has been declared as siniestro total, may be cause of his low in the insurance company. In this case if there is a fraction of the premium that is not consumed, it can be available to the insurer, and they may deduct it from the amount to receive in compensation. Finally we discuss the type of low car insurance, for having been this object of a temporary decline in traffic, either by transfer to another country, or by theft and theft of the vehicle. In any case we will have to submit to the company the report of temporary low emitted by traffic, and in the case of theft also the complaint that declares it. If the car is returned to its owner, this must communicate it to the insurance company and send them the Police Act of recovery either making the withdrawal of the complaint placed with previously.
