Renovate or anticipate: Insurance cancels? This is how consumers should react
If the insurer terminates, this can make it more difficult to find a new policy. What those affected should do now and what options are available.
The Bund der Versicherten (BdV) warns that when an insurer ends a policy after a claim, the insured may struggle to find a new provider or face restricted coverage. The BdV advises those affected to act quickly, as insurers may be willing to continue a policy with certain adjustments, such as introducing a deductible or excluding specific benefits.
If the insurer is unwilling to adapt, policyholders may consider pre-emptively cancelling their policy to improve their chances of securing a new contract. When applying for a new policy, it is essential to accurately disclose previous claims and cancellations to avoid jeopardizing future coverage.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
