Cancel Your Insurance in 3 Clicks: A Revolution in Termination Process

Updated June 02, 2023

par Abdelkader Diarra – Commercial director

It is now possible to cancel in 3 clicks. A small revolution that makes the termination of a contract as simple as its subscription for insurance contracts, while waiting for this termination “button” to be available for other contracts, the nature of which will be revealed in the coming days.

Termination in 3 clicks: only benefits for you

Intended to protect the purchasing power of the French, an implementing decree has been promulgated. This law is in favor of individuals, it allows you to easily change your insurer, to compete and pay less for your insurance. Termination in 3 clicks touches:

• home insurance;
• loan insurance;
• supplementary health insurance;
• car insurance.

Cancellation: how does it work?

If you subscribe to an insurance contract online, its termination will no longer require the sending of a letter or letter of termination. We explain the steps in 3 clicks:

• click on the “Cancel your contract” button from your personal space and account management;
• enter your surname and first name, a means of contact, the reference of the contract, the reason for termination and the date;
• click on “confirm my termination request”, after having read the general summary of the conditions and consequences of this operation;
• the organization must acknowledge receipt of your cancellation when you start the procedure.

Companies that do not comply with this obligation may be fined up to €75,000.

After insurance, who’s next?

A second decree, expected in the coming weeks, should extend the measure to other services and no doubt affect energy contracts (gas, electricity, etc.) and telecoms (mobile and Internet packages). But also other companies such as streaming services.

Borrower insurance is affected by the termination in 3 clicks.

Article D113-7 refers to Article L113-14 of the Insurance Code, which refers to the “rules common to damage insurance and personal insurance”. Consequently, you will also be able to terminate your borrower insurance in 3 clicks by following the same steps. Remember that the Lemoine law, which celebrates the anniversary of its entry into force on June 1, has made it easier for borrowers to compete with different insurers by allowing the termination of their contract at any time.

Comparing all the solutions on the market then makes it possible to make an informed choice: with equivalent guarantees, it is necessary to ensure that the new insurance offers a competitive rate and effective coverage.