question for the car insurance brokers/companies on the board

[rossy t]

let's say you just renewed your car insurance policy for a year, then you died.

does the policy immediately become null and void?

what if the executors of the will contact the insurance company and say the policy holder is dead, do they get any money back to the estate for the unused period of time? does/can the policy continue to run against the vehicle until renewal if the executor doesn't want to cancel? what happens if after the policy holder died but before contact was made informing the insurance company of the change in situation a claim needs to be made against that vehicle. eg it was nicked, or somebody was driving it using the third party cover granted by their own personal policy on a different car and they put it in a wall? there are also problems related to that "continuous insurance" law.

thanks.

 

[hatchet harry]

let's say you just renewed your car insurance policy for a year, then you died.

does the policy immediately become null and void?

what if the executors of the will contact the insurance company and say the policy holder is dead, do they get any money back to the estate for the unused period of time? does/can the policy continue to run against the vehicle until renewal if the executor doesn't want to cancel? what happens if after the policy holder died but before contact was made informing the insurance company of the change in situation a claim needs to be made against that vehicle. eg it was nicked, or somebody was driving it using the third party cover granted by their own personal policy on a different car and they put it in a wall? there are also problems related to that "continuous insurance" law.

thanks.

It would be a material fact to disclose the policy holder is dead. So you would have to contact the insurer/broker and confirm. You will be asked to provide proof the policy holder has passed (a death certificate).

The policy wouldnt be void, as if the person had an accident before they died, the insurance company will still have to pick up any third party claim.

If its only the deceased on the insurance, the policy would need to be cancelled. However depending on the insurance company/broker's attitude, they may be willing to continue cover up until renewal and change the policy holder to a named driver for an additional premium.

Any other questions i should be able to help as i work in insurance.

cheers

 

[rossy t]

thanks harry much appreciated.