You’re moving to a new house
If you’re moving house and no longer need a policy, you’ve got a strong reason to cancel. In this case, you’ll get back a pro-rata amount if you paid annually, which will take into account how long you’ve been covered. Again, there may be an admin fee to pay.
But if you’re buying another property and still need cover, you don’t have to cancel – you can simply move your policy to your new home. Be warned though, there may be an admin fee and you may face an increase (or decrease) in your premium, depending on the size and location of your new home. It’s worth shopping around if your insurance premium increases as you may well be able to get a cheaper policy by comparing.
Ensure you’re covered up to your moving date. It could also be worthwhile checking to see if your contents will be covered during the moving process or if you have to use a professional moving company for cover to be in place.