If I cancel my renters insurance policy early, am I entitled to a refund?

Do you get a refund if you cancel renters insurance? Once I get married, I'm going to give up my apartment and cancel my renters insurance. Will I get a refund for unused coverage?

Answer
Congrats on your engagement!
To answer your question, yes. If you have paid for your renters insurance but cancel before the term is up, the insurance company will typically refund you any unused premium.
There are some companies that have cancellation fees. But even if you are subject to a penalty for canceling, in the long run, it may still be better to cancel. Speak with your insurance agent for details specific to your plan.
Bundling your auto and home or renters insurance is a great way to save money—and the Jerry app can help save time by shopping around for you. Download Jerry to get affordable quotes from top insurers delivered straight to your phone for free.
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Savannah Grabek
Answered on Sep 09, 2021
Savannah Grabek is an expert in Personal Lines insurance. She has 5 years experience in the insurance industry. Savannah began her carrier working with just property insurance and is now tenured in all personal line including home, auto, motorcycle, boat and umbrella. She previously worked for GEICO and has now been working with Jerry insurance for the past year. Savannah lives in New York with her son, fiancé, and puppy Bear. In her free time she enjoys spending quality time with her family and hiking with her dog.
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