{"id":20076,"date":"2021-06-02T10:58:56","date_gmt":"2021-06-02T08:58:56","guid":{"rendered":"https:\/\/fiala.de\/?p=20076"},"modified":"2021-07-08T10:01:19","modified_gmt":"2021-07-08T08:01:19","slug":"tenancy-law-2","status":"publish","type":"post","link":"https:\/\/www.fiala.de\/en\/tenancy-law-2\/","title":{"rendered":"Reversal of insurance policies for capital & financial investment"},"content":{"rendered":"\t\t
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Why you should cancel an insurance policy<\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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After taking out an insurance policy, there are Insured persons<\/strong> have two options<\/strong> contractual relationship<\/strong> with your insurer<\/strong> to terminate the contract: On the one hand, the contract can be terminated – like any contract- under Compliance with<\/strong> the legal deadlines informal and on the other hand, it is possibleto <\/strong>revoke the contract concluded with certain insurances at a later date and therefore to have itunwound<\/strong>. <\/p>\n

If the policyholder decides to terminate<\/strong> his contract <\/strong>with the insurance company, this is usually accompanied by considerable financial losses<\/strong>. Cancellation means that the insured person is only entitled to the so-called surrender value of<\/strong> his insurance contract<\/strong>. In most cases, this is tantamount to a loss of assets<\/strong> for the insured, since the surrender value<\/strong> is significantly lower than the premiums<\/strong> already paid in by the insured. In addition, the usually very high acquisition costs<\/strong> are not reimbursed by <\/strong>the insurance companies and considerably increase<\/strong> the already large financial loss. <\/p>\n

The situation is different with the so-called reversal of an insurance policy<\/strong>. This offers many advantages<\/strong> over the classic termination. For example, a reversal significantly reduces or eliminates<\/strong> the expected loss.<\/strong> Contrary to the cancellation mentioned earlier, in the case of insurance reversal<\/strong>, you stand a good chance of getting back all the premiums you have already paid<\/strong>. These also include all premiums and rates set aside by the insurance provider for commissions and acquisition costs<\/strong>. In addition, after a reversal, customers still receive a so-called compensation for use in the form of interest<\/strong> for the provision of capital. <\/p>\n

Accordingly, the advantages of reversing<\/strong> insurance policies<\/strong> as opposed to terminating them are quite significant<\/strong>. So if you value your assets, you should have your insurance policies<\/strong> checked with regard to reversal<\/strong> and always prefer revocation to termination, if possible. <\/p>\n

But what if the contract with the insurance company has already been cancelled?<\/strong> Here, too, the right of cancellation<\/strong> offers surprising possibilities. Even if it may sound paradoxical, the revocation and an associated reversal of<\/strong> insurance policies is still possible even after a cancellation or the expiry of an insurance policy<\/strong>. <\/p>\n

Contact us. We will be happy to review your case!<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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How we support landlords on the subject of tenancy law<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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