New housing, change of situation or even the wish to pay less are all reasons that motivate the French to change home insurance. But how do you terminate your contract? Since the entry into force of the Hamon law on January 1, 2015, the procedures have never been simpler for consumers. On condition, however, that certain conditions are met …
What changes with the Hamon law?
Compulsory for tenants as well as for owners of a condominium apartment, home insurance allows the French to be covered – and compensated – in the event of disasters caused in their accommodation. If taking out a contract has never posed any particular difficulties, leaving your insurance company is however less obvious … And for good reason, before 2015, termination could only be done just before the anniversary date of contract for a very short period. Once the deadline had passed, the insured were then rehired for a new period, generally one year.
The Hamon law, which entered into force on January 1, 2015, has since changed the situation. It now allows policyholders to terminate their contract much more freely and to take out a new one online, via sites such as lecomparateurassurance.com … First novelty, consumers can withdraw from their insurance at the first expiry of the contract (if this is the case). this occurs before one year), by sending a registered letter 2 months before. If the insured has been a customer for at least a year, it is even simpler: termination is possible at any time, without costs or penalties, despite the tacit renewal of the contract. Once the insurance company has been notified, the termination takes effect 1 month later. As for the contributions advanced, they will be fully reimbursed by your insurer. Finally, if you leave your home to move elsewhere, for example, termination can be done at any time, even after a few weeks …
What steps must you take to terminate your contract?
When you are a tenant, home insurance is compulsory. We cannot therefore terminate it without having another insurance which takes over behind. Rather than sending a registered letter a month in advance to terminate your current contract, taking out a new contract directly with a new insurer is much more practical and reassuring. And for good reason, more and more companies are committing to take the steps in place of consumers, by taking care of all the administrative formalities in order to start the new home insurance the day following the termination of the previous contract. It will only be enough to communicate all the elements of your current contract to your insurer (contract number, address, company…) to facilitate the “migration”.
If more and more French people are changing home insurance, it is mainly because they can save up to several hundred euros per year. How can you pay the right price, while finding the contract offering the most guarantees? Thanks to its online simulator and its quotes generated in a few minutes, the site lecomparateurassurance.com now allows consumers to make their choice with full knowledge of the facts.
This content was produced in partnership with lecomparateurassurance.com. The editorial staff of BFMTV did not participate in the production of this content.
