CASCO refund when selling a car

I want to cancel CASCO insurance

Any owner of a CASCO policy may have an urgent need to terminate the current contract. But in order to easily and painlessly part with the insurance company, you will need knowledge of the features and nuances regarding the early termination procedure:

Who has the right to terminate CASCO insurance and in what cases?
When is the best time to do this?
Will money be returned for the unused period of insurance?

We will talk about these and other nuances in this article.

Calculate CASCO insurance – in 18 companies in 2 minutes

Client - at any time, insurance company - under certain conditions

The policyholder (or beneficiary) has the right to write a statement to terminate the CASCO contract at any time , and the insurance company is obliged to agree with his decision (Article 958 of the Civil Code of the Russian Federation). Another question is, will it be possible to return money for the unused insurance period? Answer: not always, but more on that below.
For an insurance company, such freedom is unacceptable. Termination of a contract unilaterally, without the personal consent of the car owner, for any reason, is absolutely illegal (Chapter 48 of the Civil Code of the Russian Federation). For example, it happens that the insurer, relying on its own insurance rules, notifies the client in writing that it is terminating the contract with him on the basis of non-payment of the next installment. Such an action can be easily challenged even during pre-trial proceedings. The insurance company has the right to terminate CASCO only due to a significant violation of the terms of the contract by the client, and only after an appropriate court decision . For example, an increase in insurance risk gives the insurer the right to demand additional payment for a CASCO policy (Article 959 of the Civil Code of the Russian Federation). If the car owner refuses to pay extra, the court will side with the insurer and the contract will be terminated. Circumstances leading to an increase in the degree of insurance risk are always specified in the insurance rules. Usually this is: the lack of the required alarm system, allowing an inexperienced driver to drive, storing the car near the house instead of the garage, and so on.
And one last thing. According to Art. 958 of the Civil Code of the Russian Federation, the CASCO insurance contract automatically terminates if the insured car is destroyed for reasons that, according to the CASCO rules, are not an insured event. For example, this could be a vehicle fire due to an electrical fault, death as a result of intentional actions of the policyholder (beneficiary), etc.

Will the money be returned? Read the rules!

In case of early termination of the CASCO agreement due to the circumstances specified in paragraph 3 of the previous section of the article, the insurer is obliged to return to the car owner part of the insurance premium paid by him in proportion to the time during which the policy was valid. And you need to know that in this case:

The calculation is made on a daily basis.
Any deductions (expenses of business management (RVD), payments made earlier are illegal.

Early termination of the contract at the personal request of the policyholder (clause 1) does not always entail a refund of money. The same Article 958 of the Civil Code of the Russian Federation states that “ in case of early cancellation of an insurance contract, the insurance premium paid to the insurer is not refundable, unless otherwise provided by the contract .” Let's decipher it.

Suppose a car owner wanted to terminate the CASCO contract of his own free will, no matter for what reason: he repaid the loan, sold the car, did not like the insurance company, etc. In other words, there is an insured vehicle, and the likelihood that an insured event will occur to it has not disappeared. In this case, the insurance company makes a decision: return the money for the unused CASCO period in full, return it with certain deductions, or return nothing at all. That is, of course, the insurer does not decide anything suddenly, but is guided by its CASCO insurance rules and the terms of the contract.

The rules of any insurer always have a section dedicated to the issue under discussion, entitled, for example: “Termination (or termination) of the insurance contract . It explains in detail in which cases the company will issue a refund and how the refund amount will be calculated. If it states that “at a certain point in time” the insurance premium is not refundable, then the owner in these cases will definitely not receive anything. And this will not contradict the Civil Code.

SUMMARY : carefully read the CASCO insurance rules! And if, before purchasing the policy, you did not familiarize yourself with them regarding the early termination of the contract, do so at least before writing a notice of termination. Insurers, as usual, relying on the client’s insurance “illiteracy” and laziness, may try to evade returning money under a flimsy pretext and contrary to their own provisions. This is the time to show your competence.

If the rules say that money is returned under certain conditions, for example, minus previously paid insurance compensation and/or costs of conducting the case (RVD), then this is also the legal right of the insurer.

Moreover, deductions are made first, and then the proportion is calculated by day. And we must keep in mind that deductions of previously made payments and RVD are provided for by the rules of almost all insurance companies. That is, if the cost of CASCO is 30,000 rubles, and during the validity of the policy the same 30,000 rubles were paid for the insured event, it is obvious that if the contract is terminated early, the car owner is guaranteed to receive nothing. RVD varies among all insurers and usually ranges from 10% to 40% of the premium amount under the policy.

That is, similar to the coefficients in the CASCO calculator, each company has its own formula for calculating the amount of return for the remaining insurance period.

Termination of CASCO when selling a car

As already mentioned, if the policyholder terminates CASCO when selling a car, part of the insurance premium for the policy can only be received if this is provided for by the terms of insurance. But even if a refund is possible, the amount will most likely be significantly reduced by RVD deductions. Therefore, the most win-win option to return money for CASCO when selling a car is to sell it along with a car insurance policy. If, of course, the new owner agrees. In this case, according to Art. 960 of the Civil Code of the Russian Federation, all rights and obligations under the contract will pass to the new owner, and he will calmly use the insurance. The main thing is to immediately notify the company about the new insured owner by writing a corresponding application and renewing the contract.
If the car buyer refuses to pay extra for CASCO, it must be borne in mind that the date of termination of the CASCO agreement is considered the moment the application is written, and not the date of sale of the vehicle. Therefore, it is not profitable to delay visiting the insurance company’s office.
If, after selling a car, the policyholder buys a new car and plans to insure it under CASCO with the same company, a good and enterprising insurer will definitely offer to credit the remaining funds to pay for the new policy. Moreover, most likely, he will not even hold back RVD.

We minimize losses

Unfortunately, it is possible to minimize losses upon termination of a CASCO policy only through preventive measures. Namely: even before signing the contract, study the rules for early “severance of relations” with the insurance company. And if there is at least one reason to assume that within a year it may come to selling the car, then:

Select only the insurance company that provides a refund for CASCO when selling a vehicle.
Conclude an agreement on the terms of paying for insurance in installments (CASCO in installments).

Subject to the above, the ideal moment for terminating CASCO insurance will be the date of making the next contribution. Then no one will owe anyone anything.

Cancellation of a comprehensive insurance policy

The Insured (Beneficiary) or the Insured's Representative can terminate the comprehensive insurance agreement using a handwritten or notarized power of attorney from the Insured with the right to terminate the comprehensive insurance policy (insurance agreements).

Termination period and refund of money for the policy

The insurance contract is considered terminated from the date specified in the written Application, but not earlier than the date the Insurer receives a written Application (notification) from the Policyholder (Beneficiary) about cancellation of the insurance contract (clause 10.5.1 of the Rules).

If the Policyholder cancels the contract during the cooling-off period (within 14 calendar days from the date of purchase), then you can read about the return procedure here
If the Insured cancels the contract after the cooling-off period , then, in accordance with clause 7.8 of the Insurance Rules, the Insurer, within 14 working days from the date of receipt of the Application from the Insured for termination of the contract, returns part of the insurance premium in proportion to the validity period of the insurance contract for the unexpired period of validity of the contract minus the Insurer's expenses for conducting business in the amount of 25% of the paid insurance premium for the current insurance year.

Note! The balance of the insurance premium for the unused period subject to return is calculated for each risk separately

In what cases is the money for the policy not returned?

The premium is not refunded in the event of events that have signs of an insured event, including losses declared during the validity period of the insurance contract (without exceptions)

Documents for terminating the policy

Passport or other identification document of the policyholder or his representative by proxy;
The original notarized power of attorney with the right to terminate the insurance contract and receive funds (if the return of funds will be made to the representative and not to the policyholder). In the case of a refund to the insured representative, a handwritten power of attorney from the insured to submit documents is sufficient.
Original motor insurance policy;
Receipt for payment of the policy (if preserved)
To return money to a bank account, full bank details are required: personal account, BIC, INN, correspondent account, full name of the bank, branch (if provided).

If termination of the policy involves a refund, then additional documents must be provided confirming the basis for such termination.

How to get money back for CASCO when selling a car

In 2002, a law on compulsory insurance was adopted. Today, drivers can apply for MTPL, CASCO, and DSAGO. If an insured event occurs, the owner of the insured car will be able to receive compensation.

Despite the prevalence of insurance among the modern population, not all motorists are familiar with the rules in force in this area. Many car owners, for example, do not know whether it is possible to terminate the CASCO agreement and return the money if the car is sold. This issue needs to be looked into.

Dear readers! Our articles talk about typical ways to resolve legal issues, but each case is unique.

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Legislative regulation

In the case of selling a car with a CASCO agreement , most sellers prefer to sell the car along with the policy itself, increasing the cost of the car.

In this case, the contract is reissued to the new owner of the vehicle, who will bear subsequent obligations under it.

However, the contract can be broken. Thus, Article 958 of the Civil Code contains an indication that the policy can be canceled ahead of schedule (the CASCO validity period is one year) if circumstances related to the liquidation of insurance risks come into force.

The sale of a vehicle can also be classified as such cases, since after the alienation of the vehicle, such risk disappears from its previous owner. Accordingly, early termination of the insurance contract in the event of a change in the owner of the car is permitted.

Both parties can initiate such an action. However, the termination conditions are different for them. So:

According to Article 958 of the Civil Code of the Russian Federation, the initiator can be the policyholder (that is, the person for whom the document is issued). It is not necessary to explain the reason for such an action. This can be done at any time of the year. The insurer has no right to interfere with the expression of the will of a citizen.
The insurance company can also initiate the termination of business relations with the policyholder. However, not unilaterally and if there are substantial grounds. It is possible to terminate a contract without obtaining the citizen’s consent to this action only in court. But if fraud or concealment of information is discovered, the prohibition on unilateral termination is lifted.

Important! If the contract is terminated, no one guarantees that previously paid funds will be returned to the policyholder.

Termination of contracts under OSAGO, for example, provides for the return of funds for the period during which the insurance was not used. This is a general rule that all insurers are required to comply with.

However, in the case of CASCO, funds will be returned only if this is provided for by the terms of the contract. Otherwise, you will not be able to receive payments. Such behavior by the UK is completely legal.

Methods of termination

Current legislation provides for three ways to terminate an insurance contract (including CASCO). Thus, the parties can:

Peacefully resolve the process by giving mutual consent to carry out such actions.
Resolve the problem out of court. This method is used if, for example, the insurer does not respond to the client’s application or the latter is not satisfied with the terms of the gap.
Contact the court. This is an extreme method of terminating the contract, which should be used if the insurance company does not respond to statements and claims, or refuses to satisfy the citizen’s legal demand.

Carefully! The court's decision will largely depend on the contents of the agreement (primarily this concerns the return of funds).

The first method is the most beneficial for both parties. Termination occurs upon application submitted by the client and in accordance with the terms of the concluded agreement.

It makes sense to apply the pre-trial procedure if the insurance company ignores the client’s application. It is advisable to use a judicial termination procedure only if one of the parties violates current legislation.

Procedure

The specific actions of the policyholder depend on what exactly he decided to do. Termination of the CASCO agreement occurs by submitting an application to the insurance company. You will first need to collect a certain package of documents. In the case when the CASCO policy is transferred to the new owner of the car, the process looks different.

With the termination of the contract

If the policyholder decides to terminate the contract, the first thing he must do is to familiarize himself with the rules stated in it. Particular attention should be paid to the issue of refunds.

If there is no such clause in the document, you should not hope to receive financial compensation. We must also not forget about RVD (this abbreviation stands for “business expenses”), using which the insurance company can withhold from five to fifty percent of the amount of CASCO contributions when selling a car.

In any case, the procedure for terminating the contract is as follows:

Drawing up an application. There is no specific form, but the document must contain the following information:
- information about the recipient of the application (the head of the insurance company with which the contract was concluded) and the applicant himself;
- the start date of the policy, information about the car for which it is issued, the insurance period and the amount of insurance contributions made by the applicant;
- a request to terminate the document on the basis of which insurance is carried out and to return the funds paid;
- list of attached documents, date and signature.
Collection of documentation. Regardless of the specific circumstances, you will have to provide a copy of your passport, receipts indicating the deposit of funds, the policy itself and account details for refund. You will also need a written document and a copy of the title (if the car is sold).
Submitting documents to the insurer's office. The application, along with other documents, must be submitted to the insurance company with which the contract was concluded. You need to come to the office and submit the collected documentation. In some cases, an application can be drawn up directly at the insurer’s branch (sometimes companies issue clients with special forms that meet the company’s internal standards).

After accepting the application, the insurer has no more than two weeks to make a decision on it and return the funds to the client. In case of refusal, the client can use existing legal mechanisms of influence on the insurance company.

Without breaking the contract

There is no need to break the contract. The legislation does not prohibit changing the information about one of the parties to the agreement.

Therefore, in order not to lose personal funds, some drivers sell vehicles along with the policy. In this case, all the nuances associated with the re-registration will be the responsibility of the buyer.

He is obliged to personally appear at the IC office and change the parameters of the contract.

The seller is advised to include the cost of the policy in the price of the vehicle. In this case, you should not count on receiving payments, since they occur only if there is a special clause in the rules of the contract.

In addition, the seller can agree with the insurer to transfer the insurance premium under the policy to the new car.

Delaying payments: procedure

It is not uncommon for insurers to delay refunds. In this case, the citizen can use legal tools to influence the company. The procedure is as follows:

Filing a complaint addressed to the director of the enterprise. No more than fifteen days are allotted for its consideration. A claim is an important document that can be used as a basis for filing a lawsuit.
Contacting the Central Bank. This can be done using an online reception (that is, remotely).
If the complaint and appeal to the Central Bank do not produce results, a lawsuit should be filed. Most companies prefer to solve problems without legal red tape, but if the client’s legitimate demands are ignored, this is a sure way to achieve justice.

Usually the problem can be resolved at the stage of filing a claim.

It is not profitable for companies to participate in litigation, so they prefer to meet customer demands halfway. This behavior is caused by the fact that the law in this case is on the side of the plaintiff.

Conclusion

Thus, in the event of a vehicle sale, a citizen has the right to terminate the insurance contract. Is it possible to return money for CASCO? It depends on the terms of the document. In most cases, this possibility is provided, but not all funds are returned.

To carry out the procedure, you must submit a written application. If the insurer delays payments, you should file a claim and file a complaint with the Central Bank. As a last resort, a citizen can initiate legal proceedings.

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Find out how to solve exactly your problem - call right now:

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I want to cancel CASCO insurance

Who has the right to terminate CASCO insurance and in what cases?
When is the best time to do this?
Will money be returned for the unused period of insurance?

We will talk about these and other nuances in this article.

Calculate CASCO insurance – in 18 companies in 2 minutes

Client - at any time, insurance company - under certain conditions

The policyholder (or beneficiary) has the right to write a statement to terminate the CASCO contract at any time , and the insurance company is obliged to agree with his decision (Article 958 of the Civil Code of the Russian Federation). Another question is, will it be possible to return money for the unused insurance period? Answer: not always, but more on that below.
For an insurance company, such freedom is unacceptable. Termination of a contract unilaterally, without the personal consent of the car owner, for any reason, is absolutely illegal (Chapter 48 of the Civil Code of the Russian Federation). For example, it happens that the insurer, relying on its own insurance rules, notifies the client in writing that it is terminating the contract with him on the basis of non-payment of the next installment. Such an action can be easily challenged even during pre-trial proceedings. The insurance company has the right to terminate CASCO only due to a significant violation of the terms of the contract by the client, and only after an appropriate court decision . For example, an increase in insurance risk gives the insurer the right to demand additional payment for a CASCO policy (Article 959 of the Civil Code of the Russian Federation). If the car owner refuses to pay extra, the court will side with the insurer and the contract will be terminated. Circumstances leading to an increase in the degree of insurance risk are always specified in the insurance rules. Usually this is: the lack of the required alarm system, allowing an inexperienced driver to drive, storing the car near the house instead of the garage, and so on.
And one last thing. According to Art. 958 of the Civil Code of the Russian Federation, the CASCO insurance contract automatically terminates if the insured car is destroyed for reasons that, according to the CASCO rules, are not an insured event. For example, this could be a vehicle fire due to an electrical fault, death as a result of intentional actions of the policyholder (beneficiary), etc.

Will the money be returned? Read the rules!

The calculation is made on a daily basis.
Any deductions (expenses of business management (RVD), payments made earlier are illegal.

That is, similar to the coefficients in the CASCO calculator, each company has its own formula for calculating the amount of return for the remaining insurance period.

Termination of CASCO when selling a car

As already mentioned, if the policyholder terminates CASCO when selling a car, part of the insurance premium for the policy can only be received if this is provided for by the terms of insurance. But even if a refund is possible, the amount will most likely be significantly reduced by RVD deductions. Therefore, the most win-win option to return money for CASCO when selling a car is to sell it along with a car insurance policy. If, of course, the new owner agrees. In this case, according to Art. 960 of the Civil Code of the Russian Federation, all rights and obligations under the contract will pass to the new owner, and he will calmly use the insurance. The main thing is to immediately notify the company about the new insured owner by writing a corresponding application and renewing the contract.
If the car buyer refuses to pay extra for CASCO, it must be borne in mind that the date of termination of the CASCO agreement is considered the moment the application is written, and not the date of sale of the vehicle. Therefore, it is not profitable to delay visiting the insurance company’s office.
If, after selling a car, the policyholder buys a new car and plans to insure it under CASCO with the same company, a good and enterprising insurer will definitely offer to credit the remaining funds to pay for the new policy. Moreover, most likely, he will not even hold back RVD.

We minimize losses

Select only the insurance company that provides a refund for CASCO when selling a vehicle.
Conclude an agreement on the terms of paying for insurance in installments (CASCO in installments).

Subject to the above, the ideal moment for terminating CASCO insurance will be the date of making the next contribution. Then no one will owe anyone anything.

Refund of money for a comprehensive insurance policy when selling a car

I want to terminate CASCO Any owner of a CASCO policy may have an urgent need to terminate the current contract. But in order to easily and painlessly part with the insurance company, you will need knowledge of the features and nuances regarding the early termination procedure:

Who has the right to terminate CASCO insurance and in what cases?
When is the best time to do this?
Will money be returned for the unused period of insurance?

We will talk about these and other nuances in this article.

Calculate CASCO insurance – in 18 companies in 2 minutes

Client - at any time, insurance company - under certain conditions

The policyholder (or beneficiary) has the right to write a statement to terminate the CASCO contract at any time , and the insurance company is obliged to agree with his decision (Article 958 of the Civil Code of the Russian Federation). Another question is, will it be possible to return money for the unused insurance period? Answer: not always, but more on that below.
For an insurance company, such freedom is unacceptable. Termination of a contract unilaterally, without the personal consent of the car owner, for any reason, is absolutely illegal (Chapter 48 of the Civil Code of the Russian Federation). For example, it happens that the insurer, relying on its own insurance rules, notifies the client in writing that it is terminating the contract with him on the basis of non-payment of the next installment. Such an action can be easily challenged even during pre-trial proceedings. The insurance company has the right to terminate CASCO only due to a significant violation of the terms of the contract by the client, and only after an appropriate court decision . For example, an increase in insurance risk gives the insurer the right to demand additional payment for a CASCO policy (Article 959 of the Civil Code of the Russian Federation). If the car owner refuses to pay extra, the court will side with the insurer and the contract will be terminated. Circumstances leading to an increase in the degree of insurance risk are always specified in the insurance rules. Usually this is: the lack of the required alarm system, allowing an inexperienced driver to drive, storing the car near the house instead of the garage, and so on.
And one last thing. According to Art. 958 of the Civil Code of the Russian Federation, the CASCO insurance contract automatically terminates if the insured car is destroyed for reasons that, according to the CASCO rules, are not an insured event. For example, this could be a vehicle fire due to an electrical fault, death as a result of intentional actions of the policyholder (beneficiary), etc.

Will the money be returned? Read the rules!

The calculation is made on a daily basis.
Any deductions (expenses of business management (RVD), payments made earlier are illegal.

The rules of any insurer always have a section dedicated to the issue under discussion, entitled, for example: “Termination (or termination) of the insurance contract . It explains in detail in which cases the company will issue a refund and how the refund amount will be calculated. If it states that “at a certain point in time the insurance premium is non-refundable, then the owner in these cases will definitely not receive anything. And this will not contradict the Civil Code.

SUMMARY : carefully read the CASCO insurance rules! And if, before purchasing the policy, you did not familiarize yourself with them regarding the early termination of the contract, do so at least before writing a notice of termination. Insurers, as usual, relying on the insurance illiteracy and laziness of the client, may try to evade returning money under a flimsy pretext and contrary to their own provisions. This is the time to show your competence.

That is, similar to the coefficients in the CASCO calculator, each company has its own formula for calculating the amount of return for the remaining insurance period.

Termination of CASCO when selling a car

As already mentioned, if the policyholder terminates CASCO when selling a car, part of the insurance premium for the policy can only be received if this is provided for by the terms of insurance. But even if a refund is possible, the amount will most likely be significantly reduced by RVD deductions. Therefore, the most win-win option to return money for CASCO when selling a car is to sell it along with a car insurance policy. If, of course, the new owner agrees. In this case, according to Art. 960 of the Civil Code of the Russian Federation, all rights and obligations under the contract will pass to the new owner, and he will calmly use the insurance. The main thing is to immediately notify the company about the new insured owner by writing a corresponding application and renewing the contract.
If the car buyer refuses to pay extra for CASCO, it must be borne in mind that the date of termination of the CASCO agreement is considered the moment the application is written, and not the date of sale of the vehicle. Therefore, it is not profitable to delay visiting the insurance company’s office.
If, after selling a car, the policyholder buys a new car and plans to insure it under CASCO with the same company, a good and enterprising insurer will definitely offer to credit the remaining funds to pay for the new policy. Moreover, most likely, he will not even hold back RVD.

We minimize losses

Unfortunately, it is possible to minimize losses upon termination of a CASCO policy only through preventive measures. Namely: even before signing the contract, study the rules for early severance of relations with the insurance company. And if there is at least one reason to assume that within a year it may come to selling the car, then:

Select only the insurance company that provides a refund for CASCO when selling a vehicle.
Conclude an agreement on the terms of paying for insurance in installments (CASCO in installments).

Subject to the above, the ideal moment for terminating CASCO insurance will be the date of making the next contribution. Then no one will owe anyone anything.

Refund of money for a comprehensive insurance policy when selling a car

How to get money back for car insurance when selling a car

The owner of the car died. A copy of the death certificate must be provided;
The car was sold under a sales contract. A direct purchase and sale agreement is required;
Further operation of the vehicle is no longer possible. The basis is the act of disposal;
The car is stolen. A verification document regarding this fact will be required;
The insurance company lost its license or was liquidated.

Please read the agreement carefully. Study the clauses about the rights and responsibilities of both parties.
Pay special attention to the issue of monetary compensation for early termination of the contract.
Decide when to cancel the insurer's services. This can have a significant impact on your compensation.
Submit written notice to the company of your intentions to terminate the insurance policy early.
Wait for the insurer's decision on your issue. 2 weeks are allotted for consideration of conditions and making calculations.
After receiving an answer and resolving the issue in your favor, you need to submit the policy to the insurance company.

In the left corner there is a header with the data of the person receiving the appeal and the applicant (full name of the manager, company name, legal or postal address, full name of the applicant, residential address or registration).
In the middle of the sheet after the header the name and purpose of the document is indicated.
An informative part that lists the necessary nuances: insurance policy data, reasons for refusing the company’s services, a list of contributions, a request to terminate obligations and to transfer the funds due to the account (specify details).
Finally, an inventory of the attached papers is compiled.

If the owner of the car has lost the vehicle passport;
The policyholder changed his last name and did not inform his insurance agent about this fact;
If the owner of the car has lost the vehicle registration certificate;
If the policyholder is suspected of fraud;
If errors or inaccurate information were found in the documents provided by the car owner;
The policyholder did not make the first payment;
If the owner of the vehicle has violated the terms of the previously concluded CASCO agreement.

Recommendations for getting money back under OSAGO and CASCO when selling a car

The calculation of the return under compulsory motor liability insurance when selling a car is carried out using a special calculator. Ask the manager to calculate everything in your presence and explain each step. This will allow you to check the integrity of the insurer and not lose part of the money. Payment is made after the client submits all documents and they are verified.

This procedure does not take much time, since the algorithms are already provided in advance. To begin with, 23% is subtracted from the cost of your insurance. This indicator is provided by law. 20% is given to the insurer to pay for his work, and another 3% is transferred to the account of the Union of Insurers of Russia.

The amount received is multiplied by the number of days until the insurance expires, divided by 12 (the number of months in a year). This is how the final result comes out.

The company that is your insurer loses its legal entity status and ceases to exist. Then there is simply no one to take money from. You can go to court, but here you will spend more money on paying for all court services than you will get back from insurance.
The car owner decides on his own initiative to terminate the agreement. But the reason is not the loss of legal status by the insurer or the sale of the car.
The insurer discovered an attempt to deceive or incorrect information provided by the policyholder. This is a good reason to refuse payments.

OSAGO provides a special bonus-malus coefficient. It is used for relatively safe driving. This coefficient is used if the car owner has not encountered any insured events during the full insurance year. A high coefficient makes it possible to get a good discount when taking out subsequent policies.
But this coefficient does not apply when the agreement is terminated early. Therefore, if the coefficient is good, it makes sense to leave the agreement in force. Especially if there are no more than 2 - 3 months left until the end of its validity. Then at the end of the year you will be credited with a bonus, and the new policy will cost much less.

It is necessary to study the document and check whether such a clause exists. Conscientious insurers always contribute it, which cannot be said about dubious organizations. Here the situation is much simpler. If the CASCO agreement provides for a refund, then according to the appropriate scheme and formula you will receive your money. You should not count on a refund of the full amount, since there are various fees and sanctions.

But returning money under CASCO when selling a car usually causes fewer problems than compulsory insurance. You need to submit an application, collect documents and receive the appropriate amount back. Refund of money for a comprehensive insurance policy when selling a car