As you can guess, a home insurance policy provides coverage for risks related to individuals’ residences. It covers both the dwelling, the liability of the occupants, as well as the belongings it contains. However, whether it is due to a change of residence, a modification of your family situation, or a change in your professional circumstances, several factors can lead to the termination of your insurance contract. In these cases, you can decide to terminate your contract. Find in this article the details of the procedure to properly end your contract.
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Termination of your home insurance at the first due date
The home insurance contract is a contract with “tacit renewal“. In other words, it is automatically renewed each year without the parties being required to sign a new agreement. However, the law allows you to terminate your insurance contract at the due date without having to justify your decision. To do this, you must send a termination letter via registered mail with acknowledgment of receipt to your insurer 2 months before the end of the contract.
As for the termination letter, you will find a model available for free download on the Document gratuit website. You can also subscribe to the Facebook page of the site to stay updated on all the news released.
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In response to the sending of the termination letter, your insurer is required to notify you at least two weeks in advance of the deadline by which you can request termination. Within 20 days following this notification, you are obliged to terminate your contract.
Apart from the termination at the first due date of your contract, you also have the option to end it at any time after this date. You must then start by contacting a new insurer by mail or email to inform them of your desire to take out an insurance contract in place of the one you currently have. It is this latter who will handle the termination of your old contract for you. This termination will be effective one month after your new insurer has received your request. However, in the case of a premium already paid for the year, any excess will be refunded to you on a pro-rata basis.
Termination of your home insurance contract in the event of a change in situation
According to article L113-16 of the Insurance Code, the following situations may lead you to terminate your insurance contract:
- A change of residence. Here, the termination is done by sending your insurer a registered letter with acknowledgment of receipt. It will be effective one month after the insurance company receives your letter.
- A change in marital status or situation. This change in situation can indeed negatively affect the risks initially covered. You must therefore inform your insurer on the subject by registered letter with acknowledgment of receipt within two weeks following the event. If the proposed modification to the contract offered by the insurer does not suit you, then your current contract is terminated.
- An increase in the insurance rate
- A change in profession
- Retirement or cessation of professional activity.
In general, the insured must send within the three months following the event, a registered letter with acknowledgment of receipt to their insurer. One month after sending this letter, your home insurance contract will be terminated.