The policyholder must disclose to the insurer all material risk circumstances of which he is aware before concluding the insurance contract. A circumstance which the insurer has expressly asked about in writing is deemed to be material in case of doubt. However, the policyholder must also inform the insurer after
Following a judgement of the European Court of Justice (C-209/12), the Austrian Supreme Court (“OGH”) decided in 2015 (7 Ob 107/15h) that an insured can cancel a life insurance contract at any time and for an indefinite period, if the insurer did not inform the insured about his statutory right
Whether a burglary is covered under a household insurance depends on the certain qualified circumstances and the conditions of the insurance policy.As an example: the thief stole the apartment key from the insured person’s coat pocket unnoticed, which the accomplices then used to enter the apartment and steal valuables. According to the conditions