Insurance & Cancellation

You can cancel your insurance yourself, for example, if you want to switch to another insurer at the end of the policy term. In the case of auto insurance, you can also cancel it if your car has been stolen or sold, or because you’ve had it suspended. Have you canceled your auto insurance? If so, your insurer will provide you with a statement confirming that the insurance has been canceled. In the past, this was a cancellation statement that also listed the number of claim-free years you had accumulated. However, theseclaim-free yearsare now stored digitally.

The insurer has the right to terminate an insurance policy under certain conditions. This is also referred to as the cancellation of an insurance policy. Your insurance policy may be canceled in the following situations:

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  Nonpayment Did you forget to pay your insurance premium? If so, you’ll first receive a reminder from your insurer. If you pay it on time, there’s no problem. Are you more than 30 days late with your payment? In the case of auto insurance, your insurer may suspend your coverage. Your car will then no longer be insured. If you’re more than 50 days late in paying the premium, your insurer can cancel the policy.
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  Fraud In cases of insurance fraud, an insurer has the right to cancel a policy. When people hear the term “insurance fraud,” they often think of very large-scale cases, but it can also involve knowingly providing false information on an insurance application. In essence, it involves intentionally misleading the insurer.
• Too Many Claims
  Of course, anyone can experience damage. That’s why you’re insured. However, if you file a large number of claims, it will raise questions with your insurer. Are you filing too many claims? If so, the insurer may decide to cancel your policy.

Has your insurance policy been canceled due to nonpayment, fraud, or too many claims? If so, you risk being registered with CIS. CIS stands for Central Information System. The CIS Foundation represents the interests of insurers. It maintains all insurance data that is important to share, such as when someone has committed fraud or caused damage while driving an uninsured car. Insurers and authorized agents can enter this information into the CIS Foundation’s database. Based on this information, insurers can therefore refuse to insure a policyholder. If you are registered with the CIS Foundation, there is a good chance that you will not be accepted by a regular insurance company.

Fortunately, you can always turn to the insurance company De Vereende. They specialize in special risks. As a result, De Vereende has a more lenient underwriting policy than other insurers and, in principle, accepts everyone.

Taking out insurance through De Vereende does involve some additional costs. The following applies to all insurance policies: the higher the risk to the insurer, the higher the premium. This is also the case with De Vereende. That is why the premium for insurance through De Vereende is often higher than that of a regular insurance company. In most cases, you’ll also have to pay a security deposit. If you don’t pay your premium on time, Vereende can use this security deposit to offset the unpaid premium. If you pay on time every month, you’ll get your security deposit back when the policy ends.