When should caravan insurance premiums be paid?
When you go to buy caravan insurance, you pay a premium to the insurer for each period. When the premium must be paid is often the same with each insurer. The premium will always have to be paid in advance. You can choose to pay the premium monthly, quarterly or annually.
What is the first premium?
If you choose to pay the premium monthly, you will pay an initial premium at the start. This is then premium until the first premium due date. This first premium must be paid within 30 days. Do you not pay the first premium within 30 days? Then there is also no coverage from the effective date of the insurance. Damage that occurred during the period that the coverage was expired is then also not insured.
If the first premium is not received by the insurer after 30 days, the insurance will be stopped. You are then not insured. All administrative costs added if no payment is made will be for your account. Coverage is restored one day after all outstanding amounts have been paid.
What is the continuation premium?
The continuation premium is the premium you must pay after the first premium on the premium due date. You must pay this within 30 days of the billing date. If you do not pay the premium within this period, all additional charges will also be your responsibility. In addition, there may be other unpleasant consequences. For example, the insurer may discontinue coverage if you have not paid within a certain period. You will still be required to pay the continuation premium and additional charges. Coverage is restored one day after receipt of all
outstanding amounts, if the insurance has not already been terminated by us. Claims that occurred during the period when coverage had lapsed are not insured.
When will you get the premium back?
If you decide to terminate the insurance, you will receive premium back over the unexpired term of the insurance. The administration costs will be deducted from this. You will not receive premium back if there was (attempted) fraud, swindle or deceit in a claim or when the insurance was concluded.
What is the term of the insurance?
Most caravan insurance policies have a term of 1 year. After that year, caravan insurance can be cancelled daily with 30 days' notice.
Questions about caravan insurance?
Do you have questions regarding caravan insurance cancellation? If so, please contact us. We are happy to help you! We can be reached Monday to Friday between 08:00 and 18:00 on telephone number 088-6883700.
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