How to cancel home insurance? Steps and deadlines to do so

How to cancel home insurance?

To cancel the insurance, you must send a request for non-renewal of the home insurance in writing within the legal period, a procedure that can normally be carried out electronically (for example, by email).

• Many companies offer a form on their own website that will allow you to communicate your opposition to the extension of the contract easily and quickly. In any case, the cancellation request must be signed.
• In other cases, you will have to write your own letter to cancel the home insurance and send it to the company through the channels indicated: ordinary mail, email, virtual customer area, etc.

These are the details that your letter must contain to cancel home insurance:

• Date
• Name and surname 
• DNI
• Policy number and expiration date
• Address of the insured home
• Signature (handwritten or digital)

What is the deadline for cancelling home insurance?

The period for not renewing home insurance is at least:

• One month before the expiration date in case you are the one who wishes to oppose the extension of the contract.
• Two months when it is the insurer that wishes to end the contractual relationship.

The duration of the contract will be determined in the policy, without a term exceeding 10 years being set in it. This type of contract usually lasts one year and is extended annually.

Cancelling home insurance before expiry

It is not possible to cancel home insurance before expiration. If, for example, you have already paid an annual premium and would like to change insurers in the middle of the covered year, you will lose the proportional part of the premium you have already paid.

How to cancel mortgage home insurance?

The minimum term for cancellation is one month. Of course, if the spread of your mortgage has a reduction linked to taking out home insurance, you will lose this advantage.

What happens to home insurance if I sell my home?

In the event of selling the property, the buyer will be subrogated from the moment of sale to the rights and obligations relating to the insurance contract of the previous owner. Therefore, the home insurance will remain in force and the owner will simply be changed.

The Law tells us that the insured will be obliged to notify the purchaser in writing of the existence of the contract and, once the transfer has been verified, he must also notify the insurer or its representatives in writing within 15 days.

The insurance company may, in these cases, terminate the contract within 15 days following the day in which it becomes aware of the sale if it so wishes. The same applies to the buyer, who may terminate the contract if he notifies the insurer in writing within 15 days of becoming aware of the existence of the contract.