Common use of Bonus loss Clause in Contracts

Bonus loss. The insurance pays out a lump sum for bonus loss in the event of activation of the regular motor insurance during the rental through Indie Campers. The insurance provides compensation for a bonus loss, which have increased the premium for the following insurance year. It is only covered when renewing with the same insurance company. The compensation will be calculated from following formula: Increased Motor insurance premium x 5 = but not more than 300 EUR. Ex: during 2023 vehicle A has a claim that triggers a bonus loss on its regular motor insurance. That leads to that next year’s motor insurance premium is increased by 50 EUR. As it takes numerous years to get back to the right bonus class, the anticipated total increased cost will be higher. Therefore, the one-year increase will be multiplied by 5 (years), but never more than 300 EUR.

Bonus loss. The insurance pays out a lump sum for bonus loss in the event of activation of the regular motor insurance during the rental through Indie Campers. The insurance provides compensation for a bonus loss, which have increased the premium for the following insurance year. It is only covered when renewing with the same insurance company. The compensation will be calculated from following formula: Increased Motor insurance premium x 5 = * 5=for a maximum of one insurance year, but not more thanbut not more than 300 EUR. Ex: during 2023 vehicle A has a claim that triggers a bonus loss on its regular motor insurance. That leads to that next year’s motor insurance premium is increased by 50 EUR. As it takes numerous years to get back to the right bonus class, the anticipated total increased cost will be higher. Therefore, the one-year increase will be multiplied by 5 (years), but never more than 300 EUR.

Bonus loss. The insurance pays out a lump sum for bonus loss in the event of activation of the regular motor insurance during the rental through Indie Campers. The insurance provides compensation for a bonus loss, which have increased the premium for the following insurance year. It is only covered when renewing with the same insurance company. The compensation will be calculated from following formula: Increased Motor insurance premium x 5 = * 5= but not more than 300 EUR. Ex: during 2023 vehicle A has a claim that triggers a bonus loss on its regular motor insurance. That leads to that next year’s motor insurance premium is increased by 50 EUR. As it takes numerous years to get back to the right bonus class, the anticipated total increased cost will be higher. Therefore, the one-year increase will be multiplied by 5 (years), but never more than 300 EUR.