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Old 07.07.2020, 14:24
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Resolving car insurance being cancelled

Hi

Our insurance company decided to cancel our insurance only on one of our cars after too many claims value $ (they told us this). Primarily this was related to an unfortunate bump to a roller door that caused significant costs for repair work. As a relatively new resident here im not fully aware of the system here but I understand i need to declare this cancellation to a new insurer.

The thing is that once I select this option in Comparis (i.e. cancellation by another insurer), no new offers come up to get another policy. The car is a mercedes benz 2017 and I need to find alternate insurance.

Any thoughts or suggestions welcomed.
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Old 07.07.2020, 15:33
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Re: Resolving car insurance being cancelled

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The thing is that once I select this option in Comparis (i.e. cancellation by another insurer), no new offers come up to get another policy.
That's how it is No insurance company wants a customer who costs them a fortune. Just being curious: how much did the damage cost?
Even if you find one, it will be crazy expensive.

Your options:
  • go without CASCO (not recommended)
  • Get rid of the car and forget to own one for the next 5 years
  • 'Sell' it to your partner
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Old 07.07.2020, 15:38
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Re: Resolving car insurance being cancelled

You will probably not get any online offers. Talk to an insurance broker, you may end up paying a bit more though.
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Old 07.07.2020, 15:43
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Re: Resolving car insurance being cancelled

Comparis is a comparison tool aimed add the standard cases. . This no longer suits you.

You will have to do the leg work and contact the insurers directly. Most online forms will allow you to enter such additional details as well as previous settlements.
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Old 07.07.2020, 16:02
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Comparis is a comparison tool aimed add the standard cases. . This no longer suits you.

You will have to do the leg work and contact the insurers directly. Most online forms will allow you to enter such additional details as well as previous settlements.
Thanks for the help

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That's how it is No insurance company wants a customer who costs them a fortune. Just being curious: how much did the damage cost?
Even if you find one, it will be crazy expensive.

Your options:
  • go without CASCO (not recommended)
  • Get rid of the car and forget to own one for the next 5 years
  • 'Sell' it to your partner
The roller-door had to have parts replaced and was ~6k.

Last edited by 3Wishes; 07.07.2020 at 19:01. Reason: merging consecutive replies
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Old 07.07.2020, 16:23
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Re: Resolving car insurance being cancelled

Just one important part: Once you get the insurance paper carefully read them and double check that all mandatory disclosures are on the application forms. If not, do not sign them. Even if tempting as you might get a lower premium.
This can majorly bite you in the ass later, as a future claim might be denied based on a false/fraudulent application.
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Old 07.07.2020, 16:33
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Re: Resolving car insurance being cancelled

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The roller-door had to have parts replaced and was ~6k.
I find it weird that they would cancel your insurance for 6K

I mean if you had an accident in which 2 cars were badly damaged it would come to far more. If all insurance was cancelled for such a claim, a large proportion of people would never have insurance!
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Old 07.07.2020, 16:36
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Re: Resolving car insurance being cancelled

We have no casco on anything.

Not worth it.

Tom
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Old 07.07.2020, 16:40
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Re: Resolving car insurance being cancelled

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We have no casco on anything.

Not worth it.

Tom
Depends how much your car is worth

Plus... for the insurer it's still a large risk. They'd still have had to pay out for the door. Hit a ferrari and it's still gonna cost them a fortune.
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Old 07.07.2020, 16:48
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Re: Resolving car insurance being cancelled

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I find it weird that they would cancel your insurance for 6K

I mean if you had an accident in which 2 cars were badly damaged it would come to far more. If all insurance was cancelled for such a claim, a large proportion of people would never have insurance!
But maybe they decided that in this case, too much stupidity was involved (obviously an assumption), and the OP was too much of a future risk.

Accidents between cars happen and insurance companies plan for this, and usually try and claim off the other party.

The OP also stated that this wasn't the only claim and we have no idea of how many there actually were. Perhaps this was the straw that broke the camel's back?
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Old 07.07.2020, 16:49
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Re: Resolving car insurance being cancelled

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We have no casco on anything.

Not worth it.

Tom
Worth it or not is not always about the math, Full Casco to me is like having an insurance against burglary. Do I want to pay all the damage myself in case something happens? If I just bought a new car I don't want to end up on a tree the next day and having to pay it all myself.

And majority of people lose money on most insurances, else companies would make no profit.
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Old 07.07.2020, 16:59
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Re: Resolving car insurance being cancelled

Beobachter, a consumer magazine, suggests this (translated):

"If no company wants to offer you a new policy, you should approach your old insurance company again and explain your awkward situation. In many cases, insurance companies will offer you a new policy, albeit on more disadvantageous terms, such as a higher premium or a higher deductible."

https://www.beobachter.ch/geld/versi...nfach-kundigen

As suggested by Roegner above, an insurance broker might also be able to assist the OP to find a new policy.
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Old 07.07.2020, 17:28
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Re: Resolving car insurance being cancelled

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And majority of people lose money on most insurances, else companies would make no profit.
Car insurance is rarely profitable from the premiums, the profits come from investing the premiums before claims are made.
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