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I’m Selling My Home. Do I Need To Cancel My Home Insurance?

Home insurance is an integral part of protecting your home and your possessions. However, what happens when you sell your home? Do you need to cancel your policy? In this article, we will discuss the steps you need to take when selling your home and whether or not canceling your home insurance is one of them!

Will Your Home Insurance Policy Transfer To Your New Home?

If you are selling your home and moving into a new one, you may be wondering if your home insurance policy will transfer with you. The answer to this question depends on your circumstances and the type of policy you have. If you have a standard homeowners insurance policy, it’s unlikely to transfer to your new home.

However, if you have a particular type of policy, such as a builder’s risk policy, it may be possible to transfer your coverage. You will need to speak with your insurance agent to determine whether or not your policy is transferable.

When Should You Cancel Your Home Insurance Policy?

If you sell your home in Alabama and will no longer live there, you must cancel your home insurance policy. You should cancel your policy as soon as the sale of your home is final. If you have a mortgage on your home, your lender will require you to maintain coverage until the loan is paid off in full. Once the loan is paid off, you can then cancel your policy.

Can I Get a Refund After Canceling?

You may be eligible for a refund if you cancel your home insurance policy before the end of your policy term. The refund amount will depend on how much premium you have paid and how long it is left in your policy term. You’ll likely receive a pro-rated refund if you have paid your premium in full. However, if you cancel your policy mid-term, you may not receive a refund. That said, most reputable companies such as McBride Benefit solutions Insurance are always willing to come to an agreement with clients.


You’ll need to cancel your home insurance policy when selling your home. You should cancel your policy as soon as the sale of your home is final. If you’re moving to Alabama, contact McBride Benefit Solutions for a new insurance policy. We would be happy to help you find the coverage that you need.

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