Special Termination Right

The special termination right is the right to terminate a contract early without adhering to the regular notice periods. This often applies in cases like an increase in insurance premiums. For instance, if your car insurance raises its rates, you can usually terminate your contract using this right instead of waiting for the regular contract end.

Practical relevance: This right is important as it allows you to respond to unexpected changes. Typically, you must act within 14 days of receiving the notice about the change. Relevant law includes § 8 of the Insurance Contract Act (VVG). Ensure you act promptly to avoid losing your special termination right.