Insurance company in financial distress - contract without notice

The car is to ask direct Ineas in financial difficulties and the 50,000 German customers now know what to do in this situation. The chairman of the Confederation of the insured (BdV), Lilo Blunck said, that this case is unique so far in Germany, but that the customer inquiry and have the option to terminate without notice in substantial deterioration of the financial position of the insurer, its insurance.

According to Blunck Incas themselves have explained that all liability claims are handled to date on the guarantee fund, however, be expected with an excess of up to 2500 EUR. For hull damage, according Ineas there is no guarantee, that hull damage appears to be not currently secured and costs in an accident is currently questionable.

Blunck said in an interview that she, if she were Ineas-client herself back post, the insurance amount already paid and cancel the contract without notice would. Same time, they would conclude "a new contract with a solid insurer.