Policy termination

You no longer want to use a policy, or notice that its term has ended. Can you treat cover as terminated and expect a refund? First separate three questions: why the contract ends, when it ends and what happens to the premium already paid.

Policy termination is the end of the insurance protection specified in a contract, on expiry or another lawful ground. Early withdrawal, normal expiry and not renewing are different situations. Check their procedures and consequences against the law and your insurance terms.

Put simply:

• The date you submit a request does not always match the date cover ends.
• Ending protection does not guarantee a full refund of the policy fee.
• New damage after cover ends and an event that happened earlier are treated differently.

When cover ends

First check the insurance period: the end date and time, as well as early termination conditions. Keeping the document or an old payment receipt does not by itself extend cover.

If you want to withdraw early, clarify the applicable grounds, notification method and effective date. A brief message is not a substitute for this check. Read a particular product's terms alongside the law, rather than treating them as universal for every policy.

Termination and a refund are separate questions

Insurance premium is the price of insurance, rather than compensation for a damaged car. Under the general rule, it is not refunded when the policyholder withdraws early, unless the contract provides otherwise.

A different situation arises when the possibility of an insured event and the risk itself cease for reasons other than an insured event. The law sets separate consequences for this, including the insurer's entitlement to a share of the premium for the time insurance was in force. This ground cannot be replaced by a simple wish to stop paying.

KASKO has its own early termination and refund calculation terms. Ask for the grounds, period taken into account, deductions and the effect of earlier claims paid or outstanding obligations. Do not apply another policy's formula to your contract.

What to check before early termination

1. State what you want: to withdraw from the contract, clarify its end or obtain a refund calculation.
2. Check the grounds and procedure against the contract and the law.
3. Keep the request and confirmation of receipt; clarify the exact termination date and the documents establishing it.
4. Request the financial calculation separately from the response about ending cover.

Repaying a car loan early does not always mean the risk of damage disappears or the insurance automatically ends. If the terms or date are disputed, request an explanation and, if necessary, show the documents to a lawyer.

What happens to an earlier insured event

Policy expiry alone is not a denial of a claim for an event during cover. In the motor examples below, the review considers the damage date, cover in force, notification and evidence. Do not delay reporting an event on the assumption that an earlier loss can be claimed without restrictions.

A premium refund cannot be calculated without considering claims already reported and the insurer's obligations either. Ask how these affect the calculation under your particular contract.

How to avoid a gap in cover

If you still need protection, check policy renewal or the start of a new contract in advance. Compare the old end and new start, risks and other terms. The comparison of KASKO programmes helps explain the options.

This term helps when changing a policy, withdrawing early or making a claim for an earlier event. Do not assume automatic renewal or treat a request as a promise of a particular refund amount.

The three stories below are fictional. Dates, amounts and terms are illustrative; times are Tashkent time. These are not actual EUROASIA payouts or the conditions of a particular programme.