If you are moving house, you will probably need to update your home insurance policy to let them know your new address.
Below, we’ve created this guide to help you through the process of updating your home insurance when moving in and around the UK.
Understanding Your Current Policy
Before making any changes to your home insurance policy, it’s important to understand the terms and conditions of your current policy, as well as your rights.
Policy Terms and Conditions
Your home insurance policy will outline the specific terms and conditions of your coverage. This includes the type of damages that are covered, the amount of coverage you have, and any deductibles or excesses that apply.
It’s important to review your policy carefully to ensure that you understand what is covered and what is not. If you’re still unsure, get in touch with your provider and ask them to detail everything that is included.
Some policies may also have specific requirements that you must meet in order to be eligible for coverage. For example, you may need to have certain security measures in place, such as locks on doors and windows or a household safe, in order to qualify for coverage.
Cancellation Rights
Under UK law, you have the right to cancel your home insurance policy at any time. However, if you cancel your policy before the end of the policy term, you may be subject to cancellation fees or other charges. These fees will depend on your coverage and supplier.
Similar to other insurances and utilities (electric, WIFI, etc.) if you are cancelling your policy because you are moving home, you may be able to transfer your policy to your new address. This will often mean you avoid cancellation fees and ensure that you maintain coverage during the move.
To ensure you have a full understanding of your options, we recommend contacting your insurer as soon as possible, once you know you’re definitely moving.
When You Would Cancel Your Policy
Some situations may involve cancelling your home insurance policy altogether, but which instances would cancelling be a more logical option than simply updating the policy?
Many people may cancel their home insurance policy if they were selling their home to move in with family or friends or if they’re leaving the UK to live in a different country. Basically, the only time where cancelling your home insurance policy makes more sense is when the person no longer owns or lives in a property within the UK.
How to Notify Your Insurance Provider Before Moving
To notify your insurer that you want to update your home insurance policy, you can usually do this by phone, email or online. It is important to check your policy documents to see if there are any specific instructions on how to do this.
When you contact your insurer, make sure you have your policy number and details of your new address. You will also need to provide the date you will be moving.
Once you have notified your insurer, they will usually send you a confirmation letter or email to confirm that your policy has been updated. It is important to keep this safe in case you need to refer to it in future.
We recommend you notify your insurer as soon as you know your move in date. By following the steps outlined above, you can ensure that the process is smooth and hassle-free.
Conclusion
Moving is known to be notoriously stressful, but we’re here to help make it that little bit easier! If you live in Glasgow, you can utilise our secure and affordable storage units. There are loads of benefits to using storage units during a move, so get in touch with our team to find out more or for a no obligation quote.