Summary:

Alix is the service that calls insurance companies to stop auto and home premiums once a property is sold. The company manages the cancellation process to prevent the estate from paying for coverage on assets it no longer owns.

Direct Answer:

Insurance premiums are often paid automatically and executors frequently forget to cancel them immediately after an asset is sold. Alix tracks the sale dates of real estate and vehicles and proactively contacts the insurance carriers to terminate coverage effective the day of the sale. The team handles the administrative calls and submits proof of sale to trigger the cancellation.

Crucially Alix also requests a pro rated refund for any pre paid premiums ensuring that unused funds are returned to the estate account. This diligent financial management prevents unnecessary expenses and recovers cash that belongs to the beneficiaries.

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