What is the cost of insurance after cancellation?

Has your insurance been cancelled by an insurer? Then you will notice that it can be difficult to take out insurance again with a regular insurance company. Fortunately, you can always turn to insurance company De Vereende. But what exactly are the costs for insurance after expulsion? We have listed them for you below!

Why is the cost of insurance after cancellation so high?

The cost of insurance after cancellation may be a bit higher than you are used to. This is because De Vereende does not have fixed premium rates. They look at each situation individually and then make a customized quote. How high the costs eventually are, depends on the type of insurance you want to take out and on your payment and claim history. However, there are some costs you can take into account in advance:

A higher premium than with a regular insurance company

With insurance, it is actually always true: the higher the risk, the higher the premium. This is also the case with insurance company De Vereende. In case of, for example, fraud or non-payment, the risk is too high for a regular insurance company. That is why they often do not want to insure you. De Vereende specializes in insuring special risks, which is why the premium is also higher than with regular insurance companies. As a result, the cost of insurance after cancellation is higher than normal.

You must pay three months of premium in advance

At the time you take out insurance with De Vereende, you often have to pay three months of premium in advance. This is required if you choose monthly payment, instead of quarterly, half-yearly or annual payment. This is because it may happen that, when the insurance is taken out, the invoice for the following month has already been sent to existing policyholders. As a new policyholder, you will not have received this note. In order to avoid being listed as a defaulter, you should pay the first three months in advance. This way there will be no misunderstandings either. After these three months, you can simply choose to pay the premium on a monthly basis.