Step 17 for Home Sellers: Home Insurance

At this point you should also contact your insurance provider.  If you are moving to a new home you may have been in steady contact with them if you are using them again.  If not, at this point you should get in touch with your agent to discuss cancelling your home insurance coverage once ownership of your house is transferred.

Does it Matter When I Cancel?

Scheduling this ahead is a very good idea.  It should be that the policy can cancel quickly, but it may be that you can get a partial refund if you make it clear what date you are transferring ownership.  If you delay, you likely won’t get as much money back.  You should also be sure that there are no outstanding claims or other issues that could tie you up.

Also, be sure that you are only cancelling what you intend!  Be sure that any other policies you may have in force are safe!  Be sure your agent understands that you are NOT cancelling any business policies, or auto policies, or personal umbrella policies.

This is also a good time to shop out your insurance needs.  If you haven’t asked an insurance broker to see what is available from other companies, it may be a good time to do so.

More questions, or could you use a referral to a great insurance broker?  If so, get in touch and we can help:

Maureen Watson: 317-752-3377                             

Posted on December 3, 2018 at 5:00 am
Maureen Watson | Category: Steps for Sellers | Tagged

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