You can change your current insurance in the following cases:
- When the contract has lapsed
- When premiums change (mostly in cases of higher premiums, but also possible for reduced premiums)
- Change of owners
- Change of vehicle
- In case of damage
When your contract has expired:Contracts are valid for the length of time stated in your policy.
If the contract is not terminated by that particular date, it will usually automatically be extended for another year. Detailed information is listed under general insurance conditions accompanying your policy.
You can check termination deadlines for different insurance providers here.
Premium changes:
The insurance provider may change premiums or general insurance conditions for the following insurance year. The insured customer must be informed of these changes at least 25 days before the new insurance year starts.
Should the insured customer have any objections, he may terminate his insurance for the end of the insurance year. Notice of termination must be received by the last day of the insurance year.
Some insurers only allow this for higher premiums, for others, this may also apply to reduced premiums (details in general insurance conditions).
Change of owner:
If there is a change of owner, the new owner will all inherit rights and duties for third party insurance. The new owner may terminate the contract within 14 days of purchase.
Third party insurance will expire if the new vehicle licence provides proof of insurance from another company. Comprehensive insurance expires on the date of the change of owner.
Premiums for the current year will be proportionally refunded.
Change of vehicle:
It is now possible to change insurers without loss of premium. Premiums for the current year will be proportionally refunded.
Cases of damage:
After each incident causing damage covered by insurance, both parties may back out of the contract.
Customer termination: Possible up to 14 days after the insurer confirms he will provide coverage for damage. Coverage lapses as soon as the insurer receives notice of termination. Paid premiums will be proportionally refunded, unless the damage occurs during the first year of insurance, or in case of a total loss.
Insurer termination: Possible until disbursement. Coverage will lapse 14 days after the customer receives notice of termination. Premiums are proportionally refunded.
