The insurance cover is guaranteed provided that the ongoing membership fee is paid prior to any event resulting in a claim. An exception applies every January: if any event resulting in a claim occurs during this period and if the fee for the respective calendar year has not yet been paid, such a claim will only be honoured if the fee is then paid and if the membership fee for the previous year was also paid. If the fee is paid after 31 January, insurance protection begins with the first minute of the day following the date on which the fee was paid. New members who join after 1 September of any year also count as being insured up to 1 January of the following year, although no membership fee is charged for this period.
