Insuring myself while I have a criminal record, how do I do it?
A criminal past often makes it difficult to insure yourself properly, especially since not all insurance companies are willing to accept you. De Vereende is an exception; here you can always get insurance. Below we explain how, despite a criminal record, you can still qualify for insurance.
Why, when taking out insurance, are there requirements imposed by insurers?
Insurers, with the exception of health insurers, have no duty of acceptance, and even with health insurance, the duty of acceptance also applies only to the basic package. For the supplementary insurance policies, insurers may reject you if they assess that you are too risky.
Instead of rejection, an insurer may also impose certain conditions, requirements, when you want to purchase insurance. This may occur with high risk of claims or some medical situations. Among these conditions, you can think of:
- Certain risks are not covered by the insurer.
- Your premium is higher at the same policy terms.
- Your deductible is increased but the policy terms remain the same.
- There are fire safety requirements that determine your eligibility for coverage.
De Vereende is an insurance company specialized in insuring unusual cases
For unusual damages and risks, which also include a criminal past, insurance company De Vereende was founded. Do you have a special vehicle or are you organizing an event that involves risks? Also then you can turn to De Vereende. In principle, De Vereende accepts everyone and, compared to most insurance companies, has a much broader acceptance policy.
What are the underwriting requirements for purchasing insurance with De Vereende?
Insurers assess the level of risk when applying for insurance and determine whether or not to accept the application based on this assessment. When a person has a criminal record, this brings a moral hazard. Following the insurance rules or paying the premium could be problematic. This puts the insurer at greater risk than is usually the case. This also applies to De Vereende, which, while specializing in special risks, also imposes a number of conditions in return. For taking out insurance, these are as follows:
- Three months' premium must be paid in advance, regardless of whether you pay monthly, quarterly, semi-annually or annually.
- Only after the premium for the first three months has been paid and a signed application form has been received in return, will the insurance take effect.
- You will be expected to pay a security deposit to offset any unpaid premium. The deposit will be refunded upon termination of the insurance, provided you have paid the premium on time each month.
When can I reinsure with a regular insurance company?
This depends on the length of time your criminal record remains registered, which in turn depends on the type of offense you committed. In general, it can be said that after five years your criminal record expires and you can then reinstate your insurance with a regular insurance company. You do have reporting requirements with your new insurer if your offense was less than eight years ago. To prove that your past will not be an objection to insurance, you can then apply for a VOG (Certificate of Good Conduct). The decision whether or not to accept you is then up to the insurer.
Insure yourself while you have a criminal record? You can insure yourself with De Vereende through Alpina!
At Alpina, intermediary of De Vereende, you can purchase insurance from De Vereende without much effort. We recommend that you first use our online tool to compare insurance. Once you have made your choice, fill in all the questions on the complete application truthfully, because it is possible that the regular insurance company will accept you despite your criminal record. Again, this depends on the type of offense and the time since then. If your application is not accepted, you can do an online, indicative, premium calculation of your insurance with De Vereende.
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