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Attention to the news on the expiry of the 2020 TPL insurance

The Editorial Committee invites its readers to pay attention to the news on the expiry of the 2020 motor liability insurance. This is because the most recent laws reshuffle the cards and change the grace periods. Grace periods refer to the time frame that the vehicle owner has to pay for the insurance policy. Following the suspension of work activities due to the coronavirus, motorists enjoyed the postponement of payments. The Government took into account the impossibility of renewing the insurance policy for which it extended the grace period.

There are countless motorists who face the financial burden of insurance renewal every year. On the other hand, those who avoid the purchase of the motor liability insurance policy are exposed to the risk of very high fines. In the article “Very high fines are coming for motorists surprised by the cameras “ the editorial staff provides useful information to avoid the new powerful lasers. In addition to speeding, the latest laser devices are in fact capable of detecting whether the driver has paid the insurance premium or not. So let’s see how to avoid running into fines and why pay attention to the news on the expiry of the 2020 TPL insurance.

Attention to the news on the expiry of the 2020 TPL insurance

Until July 31 last Italian Care Decree granted 30 days, instead of the usual 15, to the motorist who had to renew the policy. Now and, specifically, starting from 1 August 2020, the tolerance period returns to 15 days. Which is to say that the motorist will be able to continue to circulate for 15 days after the expiry of the insurance policy. After 15 days, if he has not renewed, he will be liable to fines.

Only the motorist whose policy expired by July 31st can enjoy the extension of the grace period up to 30 days. Therefore, if your insurance coverage reaches until 31 July you will have until 31 August for renew the policy. Unlike for car insurance expiring from 1 August for which the renewal must be made within the following 15 days.

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