Termination of the motorcycle insurance contract by the insurer

Usually the insurance contract is terminated by the insured. This usually happens because he found a better deal with another insurer or sold his two-wheeled vehicle. But sometimes it’s not like that. Termination of the motorcycle insurance contract can also be requested and carried out by the insurer.

When can the insurer terminate the motorcycle insurance contract? On what conditions can the contract be terminated? What to do in such a situation? What are the consequences for the insured in case of termination of the insurance? We will answer all your questions about termination of the motorcycle insurance contract by the insurer.

Cancellation of insurance by the insurer: possible reasons

Very rarely, an insurer makes a decision to terminate a motorcycle insurance contract, tying it to the client. When the contract is successful, insurance companies try to retain the acquired customers. But under certain conditions and in certain cases, he may have the right to do so. here a list of possible reasons that may justify the termination of the motorcycle insurance by the insurer.

Termination of a motorcycle insurance contract upon expiry of its validity period

Un two-wheeled vehicle insurance contract is concluded for a specified period... A few weeks before the deadline, you will receive a new schedule and the extension will be tacit unless one of the parties, the insured or the insurer, decides to unilaterally terminate this contract.

Upon termination of the contract, termination is possible for both the insurer and the insured. In other words, when the contract comes to an end, the insured may not renew it by sending a letter of termination. This is also the right of the insurer. And this is without the need for justification or good reason.

Thethe insurer will send you a letter within the allotted time informing you that he has decided not to renew your two-wheeler insurance, and then prompts you to find a new insurance company.

Termination of the motorcycle insurance contract for non-payment

If this is a valid contract, the insurer may require termination of insurance if the policyholder fails to fulfill its obligations. We are talking in particular about non-payment of contributions.

In other words, if the insured does not pay his premium, the insurer must send a payment reminder 10 days after the scheduled date, as well as an official payment notice within 30 days. If after this payment has not taken place, he can legally terminate the contract.

Therefore, it is important for the insured: comply with the terms of payment stipulated by the motorcycle insurance contract to keep his trust. In case of financial difficulties, it is important to contact the insurer in order to find a peace process and maintain a good relationship.

Termination of the motorcycle insurance contract in the event of an accident

Termination of motorcycle insurance by the insurer also possible in case of an accident... But on the only condition that the item is mentioned in the circumstances of termination specified in the said contract.

Thus, if it turns out that the insured was in a state of alcoholic intoxication, under the influence of a drug or if he committed an offense that resulted in the suspension or revocation of his license; and that these points were cited in the general conditions of the contract; the insurer will have the right to terminate by taking advantage of this loss. He will just need to send the insured a certified letter of termination with notification of its receipt. Therefore, the termination will take effect after 10 days.

Good to know: if he terminates the motorcycle insurance contract, the insurer must return the rest of the membership fee, from the entry into force of the termination until the normally stipulated expiration date.

Termination of the motorcycle insurance contract due to incorrect declaration

The acceptance of the contract by the insurer essentially depends on the statements of the insured. Since it is on the basis of this information that he estimates the insurance risk, and if the risk is acceptable, he can calculate the amount of the insurance premium.

Thus, according to Articles L113-8 and L113-9 of the Insurance Code, the insurer may to legally demand termination of the insurance contract if it turns out that the insured:

• Made false statements.
• Deliberately omitted information.
• Inaccurate information provided.

If the insurer decides not to terminate the action, he has two options:

• If the parcel has been discovered prior to the claim, he may request that the premium be adjusted according to the actual risk covered.
• If the package is found after it has been lost, it may deduct from the compensation the total value of the premiums that were to be paid.

In both cases, if the insured refuses, the insurer can terminate the contract by sending him a certified termination letter... Termination will take effect after 10 days. And there he will also have to return the remainder of the contribution, which will not be used until the maturity date.

Termination of Motorcycle Insurance Contract upon Change of Risks

According to article L113-4 of the Insurance Code, the insurer can also legally terminate the contract if it finds that the amount of the contribution does not correspond to the covered risk... Or, if he believes that the risk is increasing, as a result of which the current premium becomes irrelevant. If the situation changes on the part of the insured, the latter is obliged to inform the insurer about this within 15 days.

This one can propose two solutions :

• Adjust the premium to match the increased risk.
• Demand termination of the contract if the policyholder refuses.

In the latter case, if the termination occurs before the expiration date, the insurer will reimburse the value of the unused premium.

Notice period in case of termination by the insurer

If the insurer wishes to terminate the motorcycle insurance contract after its expiry, he must: respect two months notice... In other words, he must notify the policyholder of his intention two months before the end of the contract. And this is by registered mail with acknowledgment of receipt.

In case of termination of the insurance contract by the insurer after its expiration notification is not required if it is legal... If he wishes to terminate the contract due to non-compliance with the obligations of the policyholder, false statement, accident or increased risk, he must simply notify the insured by sending a certified letter with confirmation of receipt. It will take effect in 10 days.

What is an AGIRA file?

FICP is to a bank what AGIRA is to insurance. Where the FICP lists all instances of a person's loan payments, AGIRA lists all insurance cancellations that have occurred. In other words, this file with a list of “bad” insurers.

WILL ACT, or ” Insurance Risk Information Management Association », It is a file in which the antecedents of the person who entered into a motorcycle or car insurance contract and subsequently terminated it are recorded. This allows insurers to check the behavior of the potential insured and assess the risk it poses. When concluding an insurance contract, this also makes it possible to estimate the amount of the premium.

Consequently, if you terminated your motorcycle insurance contract or if it was terminated by your insurer, you will be written to the AGIRA file... And all information about you: identity, insurers, details of old contracts, details of the insured car, history and reasons for termination, bonus malus, responsible claims, etc. will be stored there from 2 to 5 years, depending on the reason for exclusion from the list ...

Le The AGIRA file has very important implications for the policyholders that are in the file. in this last one. The latter will be rejected by many insurance companies, and when this is not the case, the rates offered will be significantly higher than the rates for insured persons not listed due to the risks incurred.

Motorcycle insurance canceled by your insurer: what to do?

If your insurer decides to terminate your motorcycle insurance contract, there are two solutions available to you:

You are challenging the termination of the contract

In this case, you must negotiate with the insurer and ask him to reconsider his position... If he decides to quit because you didn't pay your dues on time, try to protect your situation. Make arguments and commit to meeting your commitments.

If he decides to remove you from registration because of false information or because of increased risk, try to find a way again. If your insurer suggests adjusting your premium, if possible, accept it. In any case, other partners will probably offer you the same terms and conditions for the same risks.

You agree to terminate

You can also agree to termination. But you should be aware that this decision can have serious consequences. First, you will need to quickly find another insurer. Because the termination is effective 10 days after we receive the termination letter. Therefore, you must find a replacement before that time in order to continue using the motorcycle.

And in the second step, you will need convince the new insurer to accept your subscription... The fact that your insurer has decided to terminate your contract will not be accepted with approval. This will be recorded in the AGIRA file and will be seen by any company you contact. Most of them will hesitate or even refuse to sign a contract with you. Others will, but in exchange for high membership fees.

Anyway, whatever your decision, never ride a motorcycle without insurance.

How to insure yourself after termination of the contract by the insurer?

You will understand it will difficult to insure after termination of the contract by the insurer... If you were unable to sign a new contract with another company, you have two solutions:

• You apply to a specialized insurance company. Some insurers offer motorcycle insurance specifically for people who have been terminated by an insurer or who have a significant history of loss. Of course, insurance premiums will probably be higher, but at least you will be insured and able to ride a motorcycle. The easiest way to find a new motorcycle insurer is to use an insurance comparator like lecomparateurassurance.com.
• You go to the Central Price Office or BCT. This is an organization that will act as an intermediary between you and the insurance companies. He will take care of finding an insurer with whom to assign a premium. And through the latter, this company will be obliged to cover you.