Step 22 to Selling Your Home: Cancel or Transfer Your Homeowner’s Insurance
Step 22 to Selling Your Home: Cancel or Transfer Your Homeowner’s Insurance
One final detail sellers often overlook is homeowner’s insurance. Just like utilities, you’ll want to make sure you aren’t paying for coverage on a property you no longer own.
When to Call
Contact your homeowner’s insurance company as soon as your closing date is confirmed. Ask them to either:
Cancel your policy effective on the day of closing, or
Transfer your policy to your new home if you’re buying another property.
Why Timing Matters
Your insurance coverage should stay active until the closing is officially complete. That way, you’re protected if anything unexpected happens in the days leading up to settlement. Scheduling the cancellation or transfer for the day of closing ensures you’re covered right up until ownership transfers to the buyer.
Bottom Line
Canceling or transferring your homeowner’s insurance is one of those “last step” details that makes your transition seamless. Handle it early, and you’ll have peace of mind knowing you’re covered up to closing—and won’t pay for insurance you don’t need afterward.
💡 Need guidance on selling your South Jersey home?
Kathleen Quarterman, Quarterman Realty Group can walk you through every step, from prep to closing. Call 609-948-4306 or email info (@) quartermangroup.com.
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