There are several reasons that can lead you to cancel your motorcycle insurance: you have sold it, you have taken it to scrap or you are going to cancel it temporarily. In the latter case, you should know that since last May the temporary leave is limited to one year, in addition, this type of leave only exempts you from insurance when you have the motorcycle stored in a private garage and do not use it for anything.
If any of these three cases is yours and you want to cancel your motorcycle insurance, this is what you have to do.The law establishes a minimum period of 30 days, before the expiration date, to notify the intention to cancel the insurance of the motorcycle or any other vehicle.
How long do I have to cancel the insurance?
The term you have to notify the insurance company of your intention to cancel the insurance is key to avoiding problems. According to the Insurance Contract Law, you have to notify your insurer 30 days before the end date of your contract. You can check this date on the last receipt you have from your insurance.
I am going to cancel the insurance, what do I have to do?
It is important to record your request in writing. In general, it will be enough to send an email or a message through the insurer’s website. In any case, make sure they have received the notification. If you prefer to play it safe, the most reliable is to send the notification by fax or burofax with acknowledgment of receipt, or by registered letter.
What happens if I miss the deadline to cancel the insurance?
If the expiration date of your contract arrives and you have not canceled the insurance, what most people usually do is return the insurance receipt when they go through the bank. Legally it is not correct to return the receipt, so the insurance company will have the authority to claim the cost of the policy and start a legal process, in the event that you object, being able to enter a list of defaulters. You will have to deal with the insurer to resolve the conflict in the best possible way.
I just want to change the type of insurance, what term do I have?
Perhaps you have comprehensive insurance with excess and want to change it to third-party insurance within the same insurer. In this case, you can do it at any time. You do not need to notify 30 days in advance, although we recommend that your intention is firm, give notice before they give you the receipt for the new annuity. The types of motorcycle insurance, coverage, prices…
Currently in Spain there are about 300,000 motorcycles without insurance illegally.
When the insurer changes the conditions, what rights do I have?
In the event that an insurance company modifies the conditions of the contracted policy, it is obliged to inform its client by sending a letter at least two months before the expiration date of the contract. In this letter you have to specify the new premium or other conditions. If you do not agree, you can cancel your motorcycle insurance at any time, even if the 30-day period established by law has passed.
I don’t have money to pay the insurance and I have returned the receipt
Be very careful with this issue, especially if you continue to use the motorcycle or simply have it parked on the street or in a community garage. Because in these cases, as long as the vehicle is registered in the registry of the General Directorate of Traffic (DGT), the law requires having valid insurance, at least civil liability insurance (third party insurance).
What are the consequences of having a motorcycle without insurance?
In this link we explain in detail the consequences that an owner of a motorcycle without insurance has. Did you know that in Spain there are about 300,000 motorcycles without insurance?
