Is it possible to cancel household insurance due to moving?

Is it possible to cancel household insurance due to moving?
Patrick Ott
Daniel
Expert for insurance and finance
22. December 2022

In general, it is also possible to cancel your household insurance due to moving. However, certain conditions must be met, and these are not present in every change of residence. These restrictions are also understandable, as home insurance:

  • Protects the household goods as the property of the insured
  • The household goods are taken along when moving
  • A connection to a specific address is not a condition for home insurance

In most cases, an adjustment of the insurance coverage will be necessary, but the contract will continue. Due to these restrictions, it is not always easy to terminate the contract. Canceling home insurance due to moving requires special conditions.

Usually, a simple change of apartment is not enough. This is especially the case if you, as the insured person, move into an empty apartment with your household goods. The situation is different if two households are merged. So if you move into a furnished apartment and your partner already has household insurance, you can cancel your own insurance.

Moving to a new apartment
Moving to a new apartment.

It is much less complicated to cancel household insurance due to a move in the form of a household breakup. This happens more often with seniors moving into a nursing home. Also, a permanent move abroad allows for cancellation, as the impact of household insurance is limited to short trips.

On the other hand, you are entitled to a special right of termination, with which you can cancel household insurance due to a move if higher costs result from the change of residence and a new tariff zone for the calculation of contributions.

Can I cancel my household insurance if I give up my apartment?

Yes, you can cancel your home insurance if you give up your apartment. However, there are a few things you should consider:

  1. Inform your insurance company in advance: In general, you must cancel your insurance at least one month before the end of the lease.
  2. Check if you have a cancellation period: Some insurance companies have a cancellation period of several months. Check the cancellation period in your contract.
  3. Keep in mind that you may not be entitled to a refund: If you cancel your home insurance mid-policy year, you may not be entitled to a refund of premiums.
  4. Check if you need a new insurance: If you move to a new apartment, you should check if you need a new home insurance there.

If you want to cancel your home insurance because you are giving up your apartment, you should therefore inform yourself in good time and submit the cancellation in writing. This ensures that the contract is terminated on time and you do not have unnecessary costs.

Avoid the hassle and submit the cancellation in time
Avoid the hassle and submit the cancellation in time.

What is covered in a household insurance?

A household insurance policy typically covers damages to or loss of household goods and personal belongings due to a range of events, such as fires, storms, burglaries, and accidents. The specific coverage of a household insurance policy may vary depending on the insurer and the specific policy.

Some examples of items that may be covered by a household insurance policy include:

  • Furniture and appliances
  • Clothing and personal belongings
  • Electronics, such as computers and TVs
  • Jewelry and other valuable items
  • Artwork and other decorative items
What is covered in a household insurance
Some policies may have exclusions or limitations on certain types of coverage.

It is important to carefully review the terms of your household insurance policy to understand what is and is not covered. Some policies may have exclusions or limitations on certain types of coverage, and it is important to be aware of these in order to make informed decisions about your insurance needs.

How to find the best houselhold insurance

There are a few steps you can take to help find the best household insurance policy for your needs:

  1. Determine your coverage needs: Consider what items you need to insure and the types of events you want to be covered for. This will help you determine the level of coverage you need.
  2. Shop around: Get quotes from multiple insurers to compare coverage and prices. Don't just focus on the price, but also consider the reputation and financial stability of the insurer.
  3. Read the policy terms carefully: Make sure you understand what is and is not covered by the policy, as well as any exclusions or limitations.
  4. Consider endorsements or riders: These can be added to your policy to provide additional coverage for specific items or events.
  5. Review your policy regularly: As your needs change, it may be necessary to adjust your coverage. Review your policy regularly to ensure it still meets your needs.

It may also be helpful to seek advice from an insurance broker or agent, who can assist you in finding the right policy for your needs. We at CR&Cie have many years of experience in advising expats in Germany. Contact us now to find the best insurance for your needs.

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