There are many reasons why an insured person may want to change their home insurance contract. Here are some of the most common ones:
- A change in personal circumstances: marriage, divorce, birth, moving, professional retraining, retirement, etc. These situations may require an adjustment of the contract.
- A change in your living space: building an extension, adding solar panels, building a swimming pool.
- A need to modify the guarantees: the insured person may want to add additional guarantees or, on the contrary, remove guarantees that have become unnecessary.
- The sale of a property or its rental.
Are you moving? In this case, it is necessary to notify your insurance company to transfer your home insurance contract to your new property and update the various guarantees. Indeed, you may be moving from tenant to owner, from an apartment to a house.
Depending on your insurer, the old home may continue to be covered. The Baloise Home contract provides this guarantee for 3 months, giving you time to sell or carry out the exit inventory.
If you are moving by yourself, you should remember to cover your furniture during transport. The Baloise Home contract automatically covers you up to €5,000.
Are you getting married, having children or are they leaving the nest to study abroad within the European Union? Did you know that through your home insurance contract you can take out an extension of cover to your Home insurance (covering your main residence) to insure accommodation abroad under certain conditions? You will not need to look for an insurer on site.
Contact your agent to find out if your situation corresponds to this case.
Whether you are renting out your property for a short period or for a longer period, you must insure your property at least as a non-occupying owner, and require tenants to have personal liability insurance at least. You can also rent out your property as a shared accommodation.
The best thing to do is to contact your insurer to design the home insurance contract that best suits your situation.
Have you built a swimming pool in your garden, added solar panels to the roof, acquired a valuable painting? These elements are not part of the basic guarantees that can be found in a home insurance contract. You must contact your insurer to modify your contract and have it include these possessions.
The home insurance contract is tacitly renewed each year. You can cancel it each year on the annual expiry date by notifying your insurance company at least 30 days before the expiry date, or up to 60 days after the expiry date.
Outside of these deadlines, it is possible to cancel your home insurance contract at other times for specific reasons.
To cancel your home insurance if you move abroad, you must send a registered letter to your insurance company and provide proof of your move abroad, such as a rent receipt or an exit inventory.
The insurer may propose changes to your home insurance contract, in particular to adjust the guaranteed conditions to meet your changing needs. These changes may include:
- The addition or removal of specific guarantees.
- The modification of compensation caps.
- A revaluation of the insured assets.
- Adding or removing a deductible.
The criteria to take into account to be well insured
The choice of your home insurance contract must be based on several criteria, in order to find the best offer that meets your specific needs.
- The size of your home: This directly influences the amount of your insurance premium. The larger your home, the higher the premium will be.
- The type of accommodation: House, apartment... The type of property to be insured can also influence the amount of the premium.
- The desired guarantees: It is essential to assess your needs to choose the guarantees that are adapted to your situation. For example, if you have valuable objects, it may be wise to opt for theft cover.
- Your status: Are you a tenant or an owner? This criterion can influence the choice of your home insurance, because the requirements are not the same depending on your status.
- The valuation of your assets: To insure your assets at their fair value, an accurate valuation is necessary. This will allow you to be properly compensated in the event of a claim.
All you need to do is contact your agent and explain your needs. They will take care of modifying your contract.