No more trap in the liability insurance policy. New law already adopted

The Sejm adopted changes in the provisions regarding compulsory civil liability insurance. The amendment to the Act gives new owners of motor vehicles more freedom in deciding to continue or terminate the existing policy. 258 deputies were in favor of the law, no one voted against, and 179 parliamentarians abstained. The document will now be considered in the Senate.

New recipes

The new provisions apply to the Act on compulsory insurance, the Insurance Guarantee Fund and the Polish Motor Insurers’ Office. The regulations are deregulating and introduce greater flexibility for vehicle owners in the scope of liability contract management.

According to the adopted changes, the person who purchased a motor vehicle or obtained the right to ownership will gain the possibility of terminating compulsory civil liability insurance within the time limit indicated in the statement. The condition is that the indicated day should not be earlier than the date of notice. This solution is to prevent situations in which the contract would be terminated with retrospective power, which could lead to ambiguity and disputes.

New obligations

The amendment also allows the buyer of the vehicle to continue the contract concluded earlier by the previous owner. Such a decision can prevent interruptions in insurance and simplify the process related to maintaining protection continuity.

New obligations will also appear on the part of insurance companies. According to the regulations, they will have to inform customers about the available possibilities introduced by the amendment.

The changes will cover not only civil liability contracts for motor vehicles, but also compulsory liability insurance of farmers and buildings of buildings on farms from fire and random events. The amendment is to simplify the formalities and increase the transparency of the rules in force after the purchase of the insured property.