While liability insurance regulates only the damage caused by the insured while driving their boat to other persons or objects, hull property insurance also covers part of the damage to their own boat. The contributions are based principally on the type of boat and the engine power, the waters on which the boat was travelling and the value of the boat. Some insurers also offer no-claims discounts. Boat insurance contracts are usually concluded each year, but longer-term contracts are also issued.
Basically, both parties have the option of canceling the contract within the time limits stipulated in the contract. In addition to this, the contract may be terminated extraordinarily within one month following a damaging event. However, the insurer is entitled to the entire insurance premium if he has made a payment, even if the contract is terminated prematurely. The notice must be given in writing and signed by the assured, but no motivation of the choice is required.
First name last name
Address
Zip code
Location, date
Insurance companies
Department
Address
Zip code
Termination of the existing boat insurance
Insurance policy number xxx
Policyholder xxx
Contract (boat type/name)
Ladies and gentlemen,
I hereby cancel the above listed boat insurance deadline of the end of the year on insurance xx.xx.xx. I shall announce as soon as possible if I should not respect the deadline.
(I request termination as I have received a more attractive offer from another insurance company. Therefore, I request return of advertising trials in sight.) It shall be automatically terminated by the end of the contract period and you shall give me by direct debit.
Please send me a written confirmation of receipt and the effectiveness of such termination.
Sincerely,
Hand-written signature
Home insurance termination letter template
Household contents insurance is appropriate for anyone who has a household. The essential function of household insurance is to cover all moving objects in the apartment. These include furniture, electrical appliances, clothing or food.Depending on the contract, the insured risks include burglary, fire or water damage and some contracts also include the so-called foreign insurance. This shall come into force when certain items are outside the home for a certain period of time, for instance parts of the household during a camping holiday. The contributions to the household are usually calculated by square meter and adapted to the environment of the home and the associated risks. Insurance contracts for households are extended with different maturities and are usually automatically terminated if there is no redemption.
Both parties have the opportunity to announce the cancellation of the deadline. Timely termination is usually possible at the end of the insurance year with a three-month notice period. Extraordinary dismissal can take place within one month of the occurrence of an accident irrespective of whether a regulation is accepted or rejected by the insurer. In addition to this, the insurer may give an extraordinary notice if the policyholder does not pay the premium. In principle, the termination is done in writing.
First name last name
Address
Zip code
Location, date
Insurance companies
Department
Address
Zip code
Insurance policy number
Insured/number
Termination of household insurance
Ladies and gentlemen,
I hereby cancel the existing household insurance deadline of the end of the insurance year.
(The termination takes place since I no longer need insurance because xxx. Or: The termination occurs because I have chosen a more attractive offer from another insurance company.)
At the same time I revoke the direct debit.
Please send me a written confirmation of receipt and the effectiveness of such termination.
Sincerely,
Hand-written signature
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