When should I cancel my home insurance if I’m selling my house?

If you’re selling your home, it’s your responsibility to cancel the home insurance on that house. You’ll need to keep your home insurance coverage active up until your closing date, in case something accidental happens before the sale closes – like a fire. Or, if a tree branch falls and damages the roof, for example.

Your house insurance doesn’t just protect your property up until you move out. The personal liability included in your policy also protects potential buyers during showings of the house, in case they hurt themselves while they’re checking out your place.

If you’re cancelling before your policy term, you could be charged a short rate fee. Check out how Sonnet applies short rate fees when a home insurance policy is cancelled before the renewal date.

Heads up! If you’re moving into a new home, be sure to set up insurance for your new place for the day you take ownership.