(1) Each party may terminate the insurance agreement after the occurrence of the insured event.
(2) The termination is only permissible up until the end of one month after the conclusion of negotiations in respect of the compensation. The insurer adheres to a one-month period of notice. The policyholder may not terminate the contract for a later point in time than the end of the current period of insurance.
(3) In the case of hail insurance, the insurer may only terminate the contract as per the end of the period of insurance in which the insured event occurred. If the policyholder terminates the contract as per an earlier point in time than the end of that period of insurance, the insurer is nevertheless entitled to the premium for the current period of insurance.