You will need to switch the insurance policies over to continue to be protected. If no one is using the insurance anymore, you can cancel the policy to save money. You usually have 30 days to do this.
Here are the different types of insurance you may need to cancel.
Cancel or change person on dental insurance policies
You should notify dental insurance to see if you need to change the beneficiary name and to avoid continuing to pay for unneeded dental insurance
Oct 3, 2019
Cancel or change person on long-term care insurance policies
You should notify long term care insurance to see if you need to change the beneficiary name and to avoid continuing to pay for unneeded insurance.
Oct 3, 2019
Cancel or change person on vehicle insurance policies
You will need to switch the vehicle insurance to list the person now owning the vehicle as the “named insured” over if someone is keeping the vehicle. You usually have 30 days to do this. If there is not a second person on the policy, call the insurance company right away as other drivers may not be covered. Usually, the executor is covered when driving the car for maintenance purposes, but that is all.
Oct 3, 2019
Cancel or change person on homeowner’s or renter’s insurance policies
You will need to switch the homeowners or renters insurance over if someone is keeping the house, in order to continue to protect the residence in case of damage (e.g., a storm or fire) or a claim of an injury on the property. You usually have 30 days to do this.
Oct 3, 2019
Cancel or change person on health insurance policy
You have 30 days after death to change or cancel the health insurance policy. This can save you from continuing to need to pay for health insurance.
Oct 3, 2019
Submit life or final expense insurance claim
Collect life insurance or annuity benefits if the deceased person had a policy. This may be a benefit that goes the estate or to an individual beneficiary.
Oct 3, 2019
