DEVK Versicherungen updates home insurance terms

DEVK Versicherungen has issued updated customer information that includes revised terms and conditions for its home insurance products, with the changes taking effect from June 1, 2024. This comprehensive documentation provides consumers with essential details, covering general insurance conditions (VHB 2024) alongside specific policies such as home contents insurance, building and contents protection, bicycle insurance, and electrical appliance protection.

The release clarifies the corporate structure of DEVK, identifying the contract partners for policyholders as DEVK Deutsche Eisenbahn Versicherung Sach- und HUK-Versicherungsverein a.G. and DEVK Allgemeine Versicherungs-AG, both headquartered in Cologne. Additionally, Freeyou Insurance AG is named as the risk carrier for certain electrical protection policies. Oversight for these DEVK entities is provided by the Federal Financial Supervisory Authority (BaFin).

Policyholders are informed about the basis of insurance benefits and compensation in the event of a claim, referencing the insurance application, company tariffs, and prevailing policy conditions. Premiums, including insurance tax, are determined by tariffs valid at the time of contract conclusion and are itemized on the application and policy documents. Payment schedules and methods are outlined within the provided insurance documentation.

DEVK's business activities encompass a broad range of insurance types, including accident, liability, vehicle, and various property insurances. The company advises customers to ensure they possess all relevant contractual documents and to contact their regional DEVK offices if any documentation is incomplete. The provided information remains effective as long as the insurance contract is in force and unaltered.