Why has my motor policy been cancelled?

When entering into an insurance contract, as the policyholder there are certain conditions you are expected to fulfil. If you are unable or fail to meet these obligations, you may find that your motor insurance policy is liable to being cancelled before its normal expiry date, which would not only leave you unprotected in case of an accident, but in violation of the law.

What factors can result in my policy being cancelled?

  • There are some things that are out of your control. Like dying, for instance. Your death, resulting solely from accidental injury will cancel your policy.
  • Transferring your vehicle to another party will also result in your policy being cancelled.
  • Always pay your premium, and on time. Consecutive non-payment of premium is a sure fire way to have your motor insurance policy voided.
  • Aggravation of risk: As the policy holder it is your obligation to inform your insurance company about an aggravation of the insured risk circumstances. For example, if you are consistently lending your car to other people, then the risk of an accident is increased. Failure to disclose that information may result in a non -payment in the case of an accident.
  • If your insurance company finds out that you have deliberately withheld important information, or provided false information, your policy may be cancelled.
  • In the event that either party, you or your insurance company declares bankruptcy, you may find that your motor vehicle’s policy is no longer valid.

You will find all these conditions in your private motor insurance policy contract.

If you are uncertain about any conditions or terms, one of our agents would be more than happy to go through it with you again.

Simply pay us a visit at our branches (Maison Esplanade – Victoria, Pension Complex –Baie St. Anne Praslin, Green Corner –Providence)  or call us on 429 5000 or send an email to info@sacos.sc. We’ll be more than happy to help!

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