How can I buy insurance after expulsion?

After being dropped by an insurer, it can sometimes be difficult to get new insurance from a traditional insurance company. Fortunately, getting insurance isn’t impossible—you can always turn to De Vereende. This insurance company specializes in high-risk cases and generally accepts everyone. We’ll explain how you can get insurance after being dropped by an insurer.

Why is it so difficult to get insurance after expulsion?

Getting insurance after being dropped is often difficult, because insurers always consider the risk they face. Were you dropped due to fraud, non-payment, or too many claims? In that case, the risk is too great for many mainstream insurance companies. That’s why they often won’t insure you in such situations. In that case, your only option is actually the insurance company De Vereende. De Vereende specializes in special risks and claims in the insurance sector. They have a more lenient underwriting policy than regular insurance companies and, in principle, accept everyone.

Taking out insurance after expulsion: what are the costs?

Purchasing insurance after cancellation does involve some additional costs, namely:

• A higher premium than with regular insurance companies
• You must pay three months' premiums in advance
• A deposit

When it comes to insurance, the higher the risk, the higher the premium. This is also the case with Vereende. The risk is higher than normal for them, which is why the premium is also higher.

In addition, when you take out an insurance policy, you must pay three months’ premiums in advance, even if you choose to pay monthly rather than quarterly, semi-annually, or annually. This is to avoid any misunderstandings. This is because, when you take out the insurance, the invoice for the following month may already have been sent to existing policyholders. As a new policyholder, you will not have received this invoice. To prevent you from being listed as a delinquent payer as a result, you pay the first three months in advance. After these three months, you can also choose to pay the premium monthly.

Finally, in most cases, you’ll need to pay a security deposit. If you don’t pay your insurance premium on time, the insurer will use this security deposit to cover the unpaid premium. If you pay your premium on time every month, you’ll get your security deposit back when the policy ends.

Taking out De Vereende car insurance? Calculate your premium!