Until 30th September 2020, insurance customers in Portugal may also benefit from a moratorium on policy payments due to the crisis generated by the COVID-19 pandemic, including car insurance in Portugal. As the economic outlook in Portugal becomes more optomistic, new rules state that insurance companies have 10 working days to respond to anyone who requests this measure, according to the regulatory legislation disclosed by the Insurance and Pension Funds Supervision Authority (ASF).
One of the requirements indicated by the ASF, is that "whenever there is a request from the policyholder to trigger the application of one of the measures provided for in the Decree-Law No. 20-F/2020 released on 12th May, the insurer must respond within a maximum of 10 working days from the initial request". As for the client, they can apply for an insurance moratorium "by any means that is registered in writing or on record".
As for the other requirements for insurance moratoriums, insurers must disclose the measures provided for by the law to their customers in their offices open to the public, on their website and on mobile applications. They must also provide quick information to customers on this subject, creating a section of frequently asked questions and respective answers on their website, as well as indicating the relevant contacts in the case that a client has additional questions.
In early May, the government approved the decree-law that created this exceptional scheme for insurance policies, that allows flexible payment of premiums and provides for a reduction in premiums when there is a reduction in insurance coverage due to COVID-19.
According to the decree, under the exceptional scheme for the payment of insurance premiums in Portugal, if there is no agreement or no payment of the premium or portion in compulsory insurance, the contract "is automatically extended for a period of 60 days from the date the premium or portion due".
Wildfire victims in Portugal to receive free legal support
The Portuguese Bar Association has launched a solidarity initiative to lessen the impact of rural wildfires and support victims across the country. A pool of around 500 volunteer lawyers will provide free legal assistance to citizens and businesses severely affected by the blazes.
The real cost of buying property in Portugal in 2025: a guide for foreigners
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Inside Nicole Kidman’s reported move to Portugal
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Getting a mortgage in Portugal as a foreigner: a complete guide
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IMI Portugal 2025: what foreign residents and homeowners need to know
The Municipal Property Tax (IMI) is an annual tax charged by Portuguese councils on property owners, including foreign residents who own property in Portugal. This tax is based on the property’s taxable value (VPT) and applies to both rural and urban properties. The amount paid helps to fund local services and infrastructure across the country.
Who’s who in the new Portuguese Government? From ministers to secretaries of state
The 16 ministers forming the 25th Constitutional Government led by Luís Montenegro were sworn in on Thursday, 5 June, during a ceremony presided over by the President of the Republic, Marcelo Rebelo de Sousa, at the Palácio da Ajuda in Lisbon. However, the government’s full composition was only completed after the 43 Secretaries of State took office on Friday, 6 June. These are the key figures who will govern Portugal over the next four years.