It is becoming increasingly more difficult. Before that everything was in just plain easier, it was enough to make a call to our bank or go in person to advise our bank so we would not pass a bill or more of any particular company.
Now however if we give low with a particular insurance company, the company must write to our low exposing at least two months in advance.
Of course and also we should also notify the bank if the insurance company do not give the hint and we want to continue collecting the receipt.
This measure is supported by the law of insurance contracts. And though long insurance companies have turned a blind eye to customers who have been discharged simply canceling the payment of the premium, it is also true that insurance companies can sue for payment of premium. And even after court order to get to the bank but the amount owed.
In particular the law of insurance contracts explicitly refers in its article number 22 that “the parties may oppose the extension of the contract by written notice to the other party, be decided no later than two months before the end of the period safe course. ” So if we do not want to risk, better inform in writing to the insurance company, noting that we do not want or need their services for a particular policy.
Tags: insurance companies, insurance company, insurance contracts, particular company, particular insurance
