Cancelling personal liability/contents insurance


The periods of notice for personal liability and home contents insurance are set out in the General Conditions of Insurance (GCI) of each insurance company.

The insurance contract is cancelled either by giving notice or due to reasons provided for by law and in the contract.

Notice given by: both parties to the contract
Reasons for cancellation Period of notice End of contract
Expiry after minimum term of contract 3 months Expiry of contract
Loss event and indemnification paid by insurer Insurer: at time of payment at the latest 30 days after policyholder receives notice
Policyholder: within 14 days of being notified of the payment at the latest days after insurer receives notice

 

Notice given by: policyholder
Reasons for cancellation Period of notice End of contract
Increase of premiums and deductible Before end of current insurance year End of current insurance year
Premium increase due to increased risk Within 30 days of being notified of premium increase 30 days after receipt of notice of cancellation
Violation of obligation to provide information according to Art. 3 VVG Within 4 weeks of becoming aware of the violation Receipt of notice of cancellation

 

Notice given by: insurer
Reasons for cancellation Period of notice End of contract
Violation of duty of disclosure before conclusion of contract Within 4 weeks of becoming aware of the violation Receipt of notice of cancellation
Significant increase of risk Within 30 days of receipt of notice regarding increased risk 30 days after receipt of notice of cancellation
Insurance fraud None Receipt of notice of cancellation

 

If the notice of cancellation is not received by the insurance company in time, the contract is renewed by one year by tacit agreement. In time means no later than 3 months before the expiry of the agreed contract duration.

 

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