Insurance & expulsion

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? Then you’ll receive a statement from your insurer confirming that the insurance has been canceled. In the past, this was a cancellation statement, which also included 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:

• 
  Non-Payment 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 are more than 50 days late in paying the premium, your insurer may cancel the policy.
• Fraud
  Insurance fraud gives an insurer 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 involve deliberately stating false information during the insurance application. Basically, it involves intentionally misleading the insurer.
• Too Many Claims
  Of course, anyone can suffer damage. That’s why you have insurance. However, if you file a large number of claims, your insurer will start to question your claims. Are you filing too many claims? If so, the insurer may decide to cancel your policy.

Has your insurance policy been canceled due to non-payment, 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. They store all insurance data that is important to share, such as when someone has committed fraud or caused damage while driving an uninsured vehicle. Insurers and authorized agents can enter this data into the CIS Foundation’s database. Based on this data, insurers can therefore refuse to insure a policyholder. If you are registered with the CIS Foundation, there is a high chance that you will not be accepted by a standard 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 flexible underwriting policy than other insurers and, in principle, accepts everyone.

Taking out insurance through Vereende does involve some additional costs. With any insurance policy, the higher the risk to the insurer, the higher the premium. This is also the case with Vereende. That is why the premium for insurance through Vereende is often higher than with 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 cover the unpaid premium. If you pay on time every month, you’ll get your security deposit back when you cancel the policy.