Written by The Meilleurtaux editorial team . Updated
February 23, 2024 .
Reading time :
5 min
The Meilleurtaux promise
At Meilleurtaux we aspire to help you make better decisions about your finances. Our fight: to make you a winner on your money by giving you all the keys to understanding our offers. Consult our method of presenting offers and how we are remunerated on each of our services.
French insurers managed more than 3.8 million claims in 2022 related to housing contracts. If you wish to change companies and save money, the probability of a claim in progress with your current insurer is not negligible. Do you have the right to leave before the case is resolved? How to do ? The full point!
Can you cancel your home insurance with a claim in progress?
Yes ! You have every right to cancel a home insurance contract even in case of disaster in progress. This does not constitute a reason for blocking on the part of your insurer. For example, you may wish change insurer if you are not satisfied with the treatment of your claim for compensation.
The termination during a claim will have no impact on the processing of the latter. Your insurer will take your departure into account, but will continue processing the current file. At the end, you will receive the compensation without difficulty, even if you have since left the company’s customers.
I find the best home insurance
Canceling during a claim: what are the risks?
The termination with a claim in progress can have certain consequences:
- When establishing the had to for your new contribution, your new insurer will take into account the claim in progress with your current insurer. He is likely to reconsider your risk profile – and the final amount of your premium. If you were planning to change insurer just to avoid a possible increase in your contribution, you are setting yourself up for disappointment.
- However, avoid hiding this recent loss when signing up for your new offer. Concealment could result in the outright nullity of the contract entered into.
When to cancel with a claim in progress?
You can cancel a home insurance contract at any time, that your last sinister either happened a month ago or only a few hours ago. THE termination conditions mentioned above remain applicable, particularly if you wish to leave your insurer before the first anniversary of the contract. The occurrence of a disaster does not constitute, in itself, a valid reason for a sub-annual termination.
You will therefore have to justify your request by a change in situation that meets the usual criteria.
I find the best home insurance
Cancellation of home insurance: some reminders
Pour change home insurance, the length of your current contract is a determining factor. THE terms of cancellation of home insurance vary if you signed your current plan more or less than a year ago:
Above the first anniversary of the contract, the Hamon law allows you to cancel your home insurance contract at any time. The procedures are also simplified: the new insurer chosen takes care of the termination formalities itself. You do not have to provide any justification to the company you decide to leave. You incur no termination fees or financial penalties.
Before the first anniversary, you do not have an automatic right to cancel your insurance. However, there are specific changes in circumstances allowing you to terminate your current contract, before this due date. These circumstances include:
- Moving.
- A marriage.
- A death.
- A professional transfer.
- A loss of professional activity.
- A disability.
- A retirement.
All these events are considered legitimate reasons pour cancel your home insurance early.
Good to know: cancel a contract on its first anniversary As the first deadline approaches, your home insurer must send you an information notice to remind you of your right to cancel. This notice must reach you no later than 15 calendar days before the deadline set for submitting your request.
I find the best home insurance
How to cancel home insurance?
Are you considering end your contract under the Hamon law ? It is appropriate to send a registered mail with acknowledgment of receiptat your insurance company . One month after receipt of this letter by the insurer, you will be reimbursed for the payment relating to the remaining commitment period.
In the event of intra-annual termination, the procedures differ. You will need to send a lbe terminatedof your home insurance by registered mail no later than three months following the event giving rise to your request.
What are the points to check in your contract?
That you wish cancel home insurance before, during or after a disaster , the same comparison criteria remain relevant. When reviewing the available offers, pay attention to:
- In the amount of the premium.
- The quality and number of guarantees. Check, for example, the conditions provided for the garden and the fence, the children’s school life, legal assistance in the event of a dispute.
- The amount of deductibles and their method of calculation.
- Any warranty exclusions that may penalize you.
- The compensation ceilings of each contract.
By paying particular attention to these different points in your new contract, you will be able to more objectively assess its relevance to your current situation. The grass is not always greener on the other side!
FAQs on canceling home insurance during a claim in progress
Canceling during a claim: can we find better compensation?
If you opt for a more advantageous contractlike a comprehensive home insurance, you will of course be able to benefit from more attractive compensation for your future claims. However, this will not affect compensation for the current case. Your insurer at the time of the claim remains competent for its treatment, in all cases.
Can my insurer cancel my contract after a claim?
Yes, your insurer can terminate your contract unilaterally after a claim, in accordance with the Insurance Code. For example, if you suffer repeated losses resulting in heavy compensation, your insurer may wish to terminate the contract. He will notify you of his decision by registered letter. Termination by the insurer is effective one month after receipt of the letter.
Written by
The Meilleurtaux editorial team
2024-02-23 22:53:28
#Termination #home #insurance #ongoing #loss #Meilleurtaux.com
