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By Law,, Your Coverage, ceases automatically when you sell your home. The Insurance company however will not know your home has been sold right away unless you notify them right away. Should they find at a later date that the sale ocurred they will cancel the policy or non-renew it.

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Q: Is your homeowners insurance automatically cancelled at closing when you sell your house or do you have to contact your insurance company to cancel it?
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Related questions

Is it required to have homeowners insurance before closing on a home in Indiana?

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Do you need homeowners insurance before closing?

Yes, Mortgage Finance Companies require that Your Home Hazard Insurance Policy be in place before you can close the sale.


Do you need homeowners insurance the day of closing if you are paying cash for the home?

No. Although it may certqinly be advisable to get an insurance policy to protect your investment, there is no legal requirement that you do so.


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If you move out of your house 30 days before closing the sale on it are you still covered by homeowners insurance?

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I sold my house and my insurance company refuses to cancel my homeowners insurance unless I supply them with a settlement closing statement I live in Florida Is this the law?

If your home is/was mortgaged - the insurance MUST be in effect as protection to the mortgage holder. The insurance company is just making sure that you are not cancelling what is MANDATORY coverage to save yourself some money.


Do you need homeowners insurance the day of closing if you pay cash?

No, the lender is the party that requires insurance at closing because they have an interest in the property due to the loan they are providing for purchase. Since there is no lender, no homeowner's would be REQUIRED. However, since YOU have an insurable interest (because ALL of your cash is tied up in the house) , I would highly advise ppurchasing coverage for your home!


Does homeowners insurance cover damages that the previous owner failed to disclose?

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Are homeowners insurance quotes needed before purchasing a home?

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How is the initial home insurance premium paid?

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