How does home insurance cancellation work and when to request it? Discover the correct process to be able to obtain the cancellation of the policy.
You decided to do home insurance cancellation? But right now you are assailed by doubts and do not know exactly how to do and how does the cancellation insurance policy work for your property?
You need to know that there are different times and procedures based on the type of insurance you have signed and the contract submitted to you by the insurance agency.
Despite this, if you want to proceed with the cancellation of insurance policy, this practice is possible: just pay close attention to the rules to not incur expenses and above all to be able not to run into annoying problems with your insurance.
So let’s see together how to make a cancellation home policy, what are the modules and the expected timing.
How Home Insurance Cancella Does
If you have chosen to cancel your home insurance, the first thing to check for yourself, more than for the company, is the reason why you want to make this assignment of the contract.
In fact, the home policy is very important to be able to protect against inconveniences that can affect the state of the property. So when to make a letter canceling home insurance?
One of the main reasons why you choose to make a transfer of the insurance contract is given by the fact that you have found a new agency that offers you a more convenient policy for example.
Or you can choose to cancel because you were disappointed by the company’s behavior during a claim, or you simply don’t want to have home insurance anymore.
Whatever the reason, if you are convinced of your decision, then you must know that to bring the contract to the conclusion before the predetermined deadline, you will have to proceed with the completion of a home insurance form that allows you to communicate to the insurance company that you want the contract to cease definitively.
Of course, you must always cancel before the annual silent renewal takes place, also you must also be in compliance with payments before proceeding to the request for cancellation.
Once you have completed the form you will still need to send this document either with a registered letter with return receipt or with a fax. But let’s see together when we cancel and, above all, how to do it properly.
When you can cancel home insurance
Home insurance is a very important product to be able to better protect your home even in the goods within it. But when is it possible to send a letter cancellation home insurance?
According to what has been in place since 2007 with the Bersani Decree, if you are the owner of a home policy you can choose to send the cancellation at least 60 days before the tacit renewal of the policy.
Even if you are legally entitled to terminate the contract, you must always refer to the contract you have signed with the agency to see if there are specific contractual limitations or in the event that the type of insurance has a multi-year duration or does not present a tacit renewal.
Cancellat policy without tacit renewal
In fact, in the event that the annual deadline of your home policy is without tacit renewal, you will not have to do anything to cancel the contract, as the extinction will take place naturally.
Cancellage of the poli Year’s policy
If, on the other hand, you have a policy policy that has been signed before 2007, then you will need to have paid the premium for at least three years before proceeding to the cancellation. On the other hand, if the policy has been signed after 2007, even if a multi-yearly, the cancellation can always be made by sending the form 60 days before the expiry of the insurance year.
Dist of insurance linked to a mortgage for the first home
Finally, it is necessary to remember that if your policy is tied to a mortgage for the first home, then you will not be able to cancel the insurance before the loan itself is exending. In fact, in these cases, the bank automatically cancels the policy when you finish paying the mortgage.
In the event that instead we proceed to the advance payment of the remaining capital to the bank, then it will also be necessary to request the early repayment of the policy.
How to make the cancellation home insurance
How to cancel the first home insurance? The cancellation of the policy if done on time provides first of all that it is proceeded to be completed by a first home cancellation form.
This form must contain specific data within it and report the signature and details of those who have signed the insurance, only in this way it is possible to obtain the transfer of the contract with the insurance company.
Inside the module you will have to enter:
- the data of the subscriber;
- data from the insurance company;
- Any data of the insurance agent or the data of the agency;
- The data of the insured property;
- the subject of the request.
All these data must be corrected and accompanied by a copy of the identity document of the holder of the policy and its tax code, as well as by the number of the insurance contract that was entrusted to you when your relationship with the agency began.
Once you have finished filling out the form, then you will have to send it to the insurance company with a registered letter with a return receipt, which can confirm that receipt of the cancellation form has been correct.
Depending on the company with which you have done the insurance, it is also possible to send the cancellation form through other channels such as fax or certified e-mail. Finally, some companies also have a cancellation form that can be filled in and sent directly online and authenticated with digital signature.
Are you looking for more specific protection for your home? Then don’t miss the other policy guides to better protect your home. You can find them all by clicking here!
