The notice periods for private liability and household effects insurance are regulated
in the General Conditions of Insurance (GCI) of the particular insurance company.
The insurance contract can be terminated in the following cases:
- in compliance with the notice period of the agreed contract duration
- if the insurance company increases the premium
- after every claim for which the insurer has to provide a benefit, latest 14 days since information of the payment of the insurance company
- if the insurance company should fail to meet the information obligation according to art. 3 of Insurance Contract Law.
(The right of cancellation, however, is limited to 4 weeks after the policyholder has been informed about this failure,
in any case, though, to a year after such a failure.)
- after every case of damage for which an effort has to be made, latest 14 days after information on payment of insurance company
If the insurance company does not receive the termination letter in time, i.e. latest on the last weekday
before the start of the notice period, the contract automatically gets extended for another year.
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