When your home insurance contract expires
As a general rule and if all goes well, insurers automatically renew your home insurance contracts. But it is possible for both parties, insurer and insured, to terminate the contract before each anniversary of the signing of the contract. The terminated home insurance can only end if one of the two parties has received the registered letter with acknowledgment of receipt. Il must request termination at least two months before the end of the contract. However, the insurer does not have the right to terminate an insurance contract that concerns your health in the same way. He must follow specific rules.
Termination for non-payment of your contributions
Do not believe that your insurer will agree to protect you if you do not pay your contributions! If they are not paid within 10 days of sending the subscription notification, you will receive a letter or an email inviting you to pay your contributions within 30 days.
If the subscription is not paid within the time limit
You have 30 days to pay your membership fee. Beyond this period, your insurer will suspend the coverage and will have the possibility of totally canceling your contract 10 days after the initial period. Even if your contract is terminated, you will continue to owe the premium to your insurer.
If you pay your membership fee within ten days
Your contract is active again and resumes the day after the date you paid. It will remain at the goodwill of your insureragree to cover claims that you could have suffered between the date of the suspension and the resumption of coverage.
The end of the contract for increased risk
"Worsening risk" means that if you have an insurance contract in progress and there are new circumstances that make the problem evolve, you must inform your insurer. The insurance professional then has the right to terminate or keep your contract, but by adjusting the premium. It is your responsibility to inform the insurer of the worsening of a risk. This is a question of trust! There must be aggravation of an already existing risk or someappearance of a new risk in accordance with the initial questionnaire made by your insurer. If he had not raised the issue, you are not required to report it. The termination of the insurance contract will be subject to the goodwill of the insurer. It will determine if the insured was in bad faith or if it was a real oversight or ignorance of the law. If you decide to voluntarily conceal the worsening of the risk and the insurer can demonstrate it, the contract will be canceled and you will have to return any compensation affected. However, when you notify your insurer that there is a risk of worsening a situation, he has 10 days to reply to your mail. If he does not do so within this period, this constitutes acceptance and will no longer be able to change your premium.
The housing contract is terminated after a claim
If your insurer wishes to cancel after a loss, it will only have the right to do so if this has been clearly notified in the general conditions of your insurance contract. It then ends one month after you have received the letter from your insurer. He must reimburse you the contributions which correspond to the difference in annual coverage. If your insurer does not indicate to you within one month that it wants to terminate your contract after becoming aware of the claim, it will have to accept your contribution and will no longer be able to break the contract because of the claim.
An oversight or an inaccurate statement on your part
If you have forgotten or have misreported the claim, your insurer can cancel the insurance before a claim occurs. He sends you a letter with AR and your contract is terminated 10 days after. Your insurer reimburses you the contribution corresponding to the period that it no longer wishes to cover.
Some specific cases
In certain special cases, your insurer has the right to notify you of the termination of your contract. We are thinking in particular of a move, a marriage or even a retirement. He has the option of breaking the contract within a period of three months from the declaration of the change in your situation. But he has the right to do so only if this change has a real impact on the risk covered. If the insured dies, the insurer terminates the contract within three months when the heirs have made a request to transfer the contract.
What consequences for the next home insurance?
It is important not to take this type of termination made by your insurer lightly. Indeed, it has serious consequences for the possibilities of insuring yourself again. You have obligation to notify all new insurers that the previous one terminated your contract for an aggravation of claim or for contributions that you would not have paid. If you do not do so, you will be prosecuted for false declaration and you will have your contract canceled. It is therefore very complicated to find a new insurer who will agree to cover you. It is rather recommended to be frank and sincere with an insurer who will be able to understand your need to insure yourself by agreeing to take the risk of engaging with you under conditions. Some have even made it their specialty. Privilege dialogue with your interlocutor in order to find a solution that will suit both parties, rather than playing with the risk of finding yourself without any insurance for your home!