Do you want to know the costs of insurance after cancellation?
You may be faced with cancellation of your insurance policy and although this is unpleasant enough, it is important to know what the financial consequences are. When you are faced with a cancellation of your car insurance, there are a number of reasons why this can make it difficult for you to get a new car insurance. Is your insurance cancelled and do you want to know what the costs will be for a new car insurance after cancellation? Then read on, because expulsion does not have to be the end of it, because fortunately you can still turn to the insurance company de Vereende.
This is why insurance costs are so high after cancellation!
If you want to take out a new insurance policy after you have been expelled, you will soon see that the costs for this are a lot higher. But why is this exactly? The main reason for the higher costs is that there are no fixed premiums for your new insurance, but because Vereende looks at individual situations and determines a premium on that basis. Your payment and claim history will also determine the amount of your new premium. There are a number of costs that can be taken into account in advance and that recur with each policy.
A higher risk, a higher premium
As with other insurance companies, the saying "the higher the risk, the higher the premium" also applies to De Vereende. When factors such as non-payment or fraud are involved, regular insurance companies consider the risk too great for them to bear and will refrain from issuing a new insurance policy. De Vereende, however, has specialised in this field, partly because of this the premiums are higher. Where other insurance companies do not dare to do it, De Vereende is there for you!
An advance payment if you pay per month
If you intend to take out a renewal insurance with De Vereende, you will have to pay the premium for the first 3 months in advance. This is because it may happen that, when you take out the insurance, the first invoice has already been sent to the current policyholder; it will then no longer reach you. You only need to do this if you opt for a monthly payment. If you choose to pay quarterly or annually, this is not necessary. After these three months, you will of course have the option of continuing to pay on a monthly basis, but this will prevent misunderstandings that could have major consequences.
A deposit after expulsion
When you have caused damage or when you have been too late in paying the premiums, you often have to pay a deposit. Because this is often very high, the insurance company de Vereende offers the possibility of setting it off against the premiums. If you always pay on time, this deposit will be reimbursed to you at the end of the insurance policy.
Has your insurance been cancelled? Then you will see that the cost of a new insurance is much higher than before. So, what the actual premium for a new insurance will be depends on a number of factors and on your personal situation.
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