8.5 Payment and consequences of late payment / subsequent premium, Legal Expenses Insurance, Premium

8.5.1 The subsequent premiums fall due at the time agreed in each case.

8.5.2 Default If you do not pay a subsequent premium on time, you fall into default even without having received a reminder from us. We are then entitled to demand compensation for the loss caused to us by the default (see 8.5.3). You do not fall into default if you were not responsible for the late payment.

8.5.3 Request for payment If you do not pay a subsequent premium on time, we may grant you a payment deadline. This is done in text form (example: letter or email) and at your cost. This payment deadline must be at least two weeks. Our request for payment is effective only if it contains the following information:  The outstanding amounts, the interest and the costs must be itemised individually, and  the legal consequences associated with exceeding the deadline under 8.5.4 must be stated.

8.5.4 What legal consequences does exceeding the deadline have?  Loss of cover If you have still not paid after the payment deadline has expired, you have no cover from that time until payment. However, we must have pointed out the loss of cover to you in our request for payment under 8.5.3.  Cancellation of the insurance contract If you have still not paid after the payment deadline has expired, we may cancel the contract without notice. However, we must have pointed out the possibility of cancellation without notice to you in our request for payment under 8.5.3. If we have cancelled your contract and you then pay the amount demanded within one month, the contract continues. In that case, however, you have no cover for insured events that occurred between the expiry of the payment deadline and your payment.