One of the obligations of any vehicle owner is to have the car insured at all times. The law orders this since it establishes that it is essential to take out insurance with minimum coverage and keep it in force. In other words, this compulsory insurance covers solely and exclusively the driver’s civil liability against third parties in the event of an accident. Hence, its name: third-party insurance.
Likewise, this basic insurance does not cover damages to the driver, and the car suffered in the accident was his fault. It will only repair the damage caused to the other vehicle or public roads. It will indemnify the occupants of each opposing car (including those that caused the accident) and the pedestrians in the event of injury.
The price of insurance in 2019 was the highest since 2015.
Types of insurance
- Third-party insurance. As has been pointed out, it is the one that covers the damage caused to third parties in the event of an accident, but not that of the vehicle or driver that caused it.
- It extended third-party insurance. In addition to everything included in the previous one, this guarantees other coverage related to more significant accidents, such as theft, fire, or broken windows.
- All risk insurance. It is the most complete as it includes both the damage caused to third parties and the vehicle itself. In addition, additional guarantees can be added, such as compensation for disability or death, among others.
That said, many doubts arise in this regard: can you change the insurance from one car to another? Is it possible to change it whenever you want? What should you do before taking out new insurance? These are the answers.
Change car insurance
As a general rule, you cannot change your car insurance when you want. The Insurance Contract Law establishes that the current insurance company must be notified of the desire to unsubscribe one month before the expiration of the contracted policy. In case of not doing so, the insurance will continue to be charged despite changing to another insurer.
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How to cancel the policy?
To cancel the policy contracted with the insurer, a series of requirements must be met:
- Communicate to the current insurer one month before the policy’s expiration, as already noted, the desire to cancel it. Otherwise, it will be automatically renewed.
- The communication must be made in writing, either by regular mail, email, or fax. It is advisable to keep some proof of this notice up to date.
It should be added that said communication must be made by the policyholder and sent together with a copy of their DNI or NIE. In addition, this must reflect a series of aspects:
- The desire to unsubscribe.
- The date on which it is sent.
- The personal data of the policyholder.
Documents to change insurance
Once the insurer has been informed of the desire not to renew the policy, it is time to take out another insurance. To do this, as long as the new company is transparent, a series of documents must be gathered to formalize the new contract:
- DNI or residence card of the insured
- Driving license of the insured person
- Car circulation permit. This must include the registration number of the insured vehicle and date of its first registration, name, surnames or company name of the car owner, type, brand, model, frame number and number of seats, cylinder capacity, and power.
- Technical sheet of the car
- A transmission tax certificate, if any.
- accident certificate
- Previous insurance receipt
- General conditions of the previous insurance
- Vehicle purchase invoice
In the case of all-risk policies for second-hand vehicles, a visit by an expert from the insured company will be necessary to verify their status. Although this procedure has been replaced in recent times by sending some photos of it through a specific insurer application, the management is more comfortable and straightforward.