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Many users think that just stop paying the receipt of this policy is canceled, this is not correct since insurers can come to claim the full amount of the policy by failing to communicate the estimated time our intention does not want to renew the insurance.

While it is true that companies (except for a few) do not start any legal procedure, the current legislation provides that if the policyholder because the premium has not been paid the insurer is entitled to terminate the contract or demand payment premium legal means based on the policy.

To avoid this situation and see us having to pay for insurance twice must apply the non-renewal of the policy within the period stipulated by law, two months.

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According to the Law of Insurance Contract in Article 22, both the insurer and the policyholder may oppose the extension of the contract by written notice to the other party, made with at least two months prior to the conclusion the insurance period underway.

The best way to communicate this is by telegram or bureau fax to the headquarters of the company, giving the details of the policyholder, policy number and confirming that does not want to renew the policy.

If you hire insurance through a broker comunícaselo them, will make all necessary efforts to cancel the renewal.