There could be various reasons why you might want to change your home insurance provider. Perhaps you’re dissatisfied with your current insurer, your insurance needs have changed, or you’ve found another more appealing company. You might also want to bundle multiple types of policies with the same insurer. Either way, knowing when you can change home insurance providers in Cincinnati, OH is important.

When to Switch

You have the option to switch to a different insurance carrier whenever you want. However, you may be penalized if you cancel your existing coverage before the policy term expires. Most home policies have one-year terms. Refer to the policy documents or contact your agent for more details. Using an independent insurance agency allows you to switch carriers without changing to a different agency.

It may be harder to switch home insurers when you have a claim that has yet to be approved or denied. Even if you’re able to change carriers during this process, you can’t transfer an open claim from one company to another. Your existing insurer will continue to evaluate the claim and make a decision.

Continuous Coverage

Because of the major risks involved, it’s wise to avoid going without home insurance for even a day. Make sure a new policy takes effect before your existing coverage ends. Never cancel a policy before you successfully acquire insurance from another company. You’ll probably need to tell the bank about your new policy if your house has a mortgage.

When you want to switch insurance carriers, the friendly and knowledgeable agents at Advantage Insurance Network can help. Our independent agency in Cincinnati, OH makes it easy to compare home policies from a range of trusted insurers and find an option that truly meets your needs. To get started today, call Advantage Insurance Network at 513-922-9460 or 855-572-4282 (toll-free).