Contract Check: Why "Old" Rarely Means "Good" in Insurance

Do you have contracts that have been lying untouched in your folder for 10 years? Beware: In the insurance world, standstill often means a step backward. Modern tariffs today offer significantly more performance for often less money.

The Market Doesn't Sleep

Insurance constantly evolves. What was "top standard" ten years ago is often considered deficient today. A classic example is the inclusion of gross negligence. In old household or residential building contracts, this was often excluded – today it is standard. Private liability insurance has also improved massively.

Three Reasons for a Regular Check

1. Better Conditions: New tariffs cover risks that didn't even exist before (e.g., cyber attacks, e-bike theft, or drone liability).
2. Cheaper Premiums: Competition pushes prices down. Often you can get premium protection today for the price of an old basic tariff.
3. Adjustment to Your Life: Have you renovated? Are children out of the house? An old contract often no longer fits your current life reality.

The Danger of Underinsurance

Particularly with residential building or household insurance, old contracts carry the risk of underinsurance. The prices for craftsmen and materials have risen massively. Those who do not adjust their contract will only receive a fraction of the damage replaced in an emergency.

Conclusion: Loyalty Rarely Pays Off in Insurance

Insurers rarely reward loyal customers in old tariffs. On the contrary: new customers often receive the better conditions. Use my market overview to bring your contracts up to today's standard.