Cancel bicycle insurance? Get free advice!

Questioner

I have a continuous internet bicycle insurance with a main premium expiry date of 03-07-2014, cancelled on 23-06-2014. Now I receive an invoice for policy costs or as mentioned as termination costs. Is that allowed? I have a confirmation by email that I cancelled on 23-06-2014. Thank you in advance.

Lawyer

Hello, this depends on what is stated in the terms and conditions. Normally it is not customary. There may also be a notice period (usually a month). I recommend that you consult the terms and conditions or you can also email them to me so that I can study them.

Lawyer

Good morning, an insurer has the legal right to charge termination costs. Now that more and more insurances can be cancelled prematurely, you see that more and more insurers charge termination costs. If it is not from the length, then it is from the width. The policy conditions will indicate something about the height of the costs. A frequently concluded bicycle insurance is with Unigarant. Unigarant has in the policy conditions: Article 6. When may the policyholder cancel the insurance? 1. As of the next main premium due date stated on your policy schedule. 2. After the insurance has been renewed at any time. The excess premium paid, after deduction of We will refund the administration costs to you. Here you can see in paragraph 2 that the insurer may charge administration costs (termination costs). Did this answer help you?