What is cancellation of insurance?

In the world of insurance, we hear it a lot: expulsion. However, for many people it is an unknown word. We explain what lapse means and how you can still take out insurance after lapse.

What does expulsion mean?

Royement comes from the word royeren and literally means to terminate or stop. In the world of insurance, it means the termination of an insurance policy. There are two forms of cancellation: cancellation by you and cancellation by the insurer.

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cancellation insurance

Cancellation by yourself

You can cancel your insurance yourself, for example if you want to switch to another insurer at the end of the term. In case of a car insurance you can also cancel it when your car is stolen, sold or because you have suspended it. Did you cancel your car insurance? Then your insurer will give you a statement that the insurance has been cancelled. This used to be a cancellation statement, which also stated the number of claim-free years accrued. Nowadays these claim-free years are stored digitally.

Cancellation by the insurer

The insurer has the right to terminate an insurance under certain conditions. This is also called cancelling an insurance. Cancellation of your insurance can happen in the following situations:

  • Non-payment
    Have you forgotten to pay your insurance premium? Then you will first receive a reminder from your insurer. If you pay it on time, there is no problem. Are you more than 30 days late with paying? Then, in case of a car insurance, your insurer can suspend the coverage. Your car is then no longer insured. When you are more than 50 days late paying the premium, your insurer may cancel the insurance.
  • Fraud
    In the case of insurance fraud, an insurer has the right to cancel an insurance policy. When people hear the word insurance fraud, they often think of very large cases, but it can also be about deliberately providing incorrect information during the insurance application. In fact, it is about deliberately misleading the insurer.
  • Too many claims
    Claims can of course happen to anyone. After all, that is what you are insured for. However, if you report too many claims, this will raise questions with your insurer. Do you claim too many damages? Then the insurer can decide to cancel the insurance.

How can I get insurance after expulsion?

Has your insurance been cancelled due to non-payment, fraud or too many claims? Then you risk a CIS registration. CIS stands for Central Information System. Stichting CIS looks after the interests of insurers. They store all insurance details that are important to share, such as when someone has committed fraud or has driven an uninsured vehicle. Insurers and proxies can register this data in the database of Stichting CIS. On the basis of this data, insurers can refuse a policyholder. If you are registered with Stichting CIS, there is a big chance that you will not be accepted by a regular insurance company.

Fortunately, you can always turn to the insurance company De Vereende. They specialise in special risks. De Vereende therefore has a broader acceptance policy than other insurers and in principle accepts everyone.

What is the cost of insurance after cancellation?

Taking out insurance via De Vereende does involve a number of extra costs. With every insurance policy the following applies: the higher the risk for the insurer, the higher the premium. This is also the case with De Vereende. Therefore the premium of an insurance through De Vereende is often higher than with a regular insurance company. In most cases you also have to pay a deposit. Do you not pay the premium in time? Then De Vereende can use this deposit to settle the unpaid premium. If you pay on time every month, the deposit will be returned to you at the end of the insurance policy.

Calculate the premium for your car insurance with De Vereende!

  • i To calculate the premiums, we need the postal code of the main driver. In case of private use, the youngest driver must reside at the same address as the applicant. In case of business use you can fill in the postal code of the company.

How do we do it?

Last updated: 10-05-2022

Financially certainly.

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