Hello everyone! I am not sure if there is a problem if I exceed the yearly kilometres limit (that I entered when signing the contract) within 7 months for a 1 year contract with the insurance company. More elaborately I filled up the yearly limit as 6000 km, but I travelled almost 5500 km within the first 7 months. Do I need to do something for this? Is this a big issue if do not let them know about this?
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Posted by Raahim_Amin
10 Comments
>Do I need to do something for this? Is this a big issue if do not let them know about this?
It will be if you have an accident. Get into contact with the insurance and have the number adjusted.
Well then you push that pencil button and change it?
You have a contract with the insurance that says they insure your car under the condition that you drive less than 6000km per year. If you drive more, you’re in breach of that contract.Â
If it’s only 10-15% they might just ask you to pay the difference in case they find out. If it’s much more, they may refuse to pay completely. Or you have to pay a fine (much more than the contract for more km).
You should tell them. If they find out (for example because you had an accident) you will have to pay the additional km and they will most likely penalize you. Probably around a years worth of premiums as contract penalty with those km.
If you tell them you just have to pay the additional km.
I think I can change the value online and adjust the contract, but I am not sure if that wil affect the current year or only the new one.
So if your insurance has an online portal, you mighr be able to just change it in a form and get am updated or new contract.
you can usually adjust it any time either online or by phone. If something happens and you exceeded your km, it will be automatically adjusted and you might have to pay a fine. Furthermore, the insurance gets the right to terminate the contract (which might leed to a ban at a lot of other insurances)
I did it 2 times. Each time I contacted my insurance and I paid the difference. Rather be safe than sorry.
mostly they are flexible around 2k kms. if lets say you drove it 10k more and had an accident. they will find out that you drove it more than agreed. and they will calculate that difference and you will get an invoice for that difference. mostly they allow you update this parameter online. just do it and pay the difference, it is not huge.
UELPT, did you give them your odometer reading? If not, then they will not know.
im from germany usually you report your km after one year and then the price will adjusted – thats all.