What Is the Special Right of Insurance Contract Termination in Germany?
In the German insurance industry, contracts are taken seriously. Policyholders and insurers alike are bound by legal frameworks that aim to create fairness, clarity, and continuity in coverage. However, under certain conditions in Germany, both parties can invoke a powerful provision known as the “special right of termination” (Sonderkündigungsrecht). This right allows an insurance policy … Read more