Calm down ladies......let me explain
Firstly the belt does not run in oil, someone is confusing this with Ford Ecoboost engine designs.
There is no MUST about cambelt changes, they are recommendations only, in any case any car over 5 years will normally be out of warranty so no claim would be possible. But heres some detail......
The 5yr/60000 mile recommendation is a Skoda UK (official importer) thing. Lots, but not all dealers will follow that, except some try it on at 4yrs/40,000 miles.
Skoda factory maintenance manuals on the other hand state that its recommended the cambelt is examined at 5yrs/120,000 (iirc) miles and give a detailed procedure of how to examine and what to check. Then take appropriate action, change the belt or leave it for another 2 years/20,000 miles and re examine. Until the mileage limit of 120,000* is hit then change it regardless of condition.
A number of design innovations supposedly make this possible. Firstly the belt drive is quite simple, no driving the water pump directly, which is now driven by another much smaller belt at the opposite end of the camshaft. The sprockets are of a CTC oval design which reduces repetitive tension stress. The belt material and construction used are now much more long lived and its now quite a beefy wide belt . The valves are actuated by low friction roller rocker fingers again reducing load.
SSP-511_The_New_EA211_Petrol_Engine_Family.pdfpdf
Both Continental, who came up with this innovation over many years of development and VAG have stated at various times in promotional and technical papers that the belt is now a "lifetime" part, but its also obvious that when it dies its life is over.
There is also the other vacuum cleaner size toothed belt at the other end of the camshaft that drives the water pump, but its not so instantly disastrous if that were to break.
Hope this help you all understand EA211 cambelts and make informed decisions.
*120,000 is my recollection, but it may be 110,000 or even 130,000 miles. In my experience its unlikely a UK skoda dealer would carry out such an inspection even if asked.