Article 1871. Transfer of Property

(1) If the title to insured property is transferred, the insurance shall be terminated by operation of law one month after the time of transfer, unless the policyholder and transferee agree on termination at an earlier time. This rule shall not apply if the insurance contract was taken out for the benefit of a future transferee.
(2) Before expiry of the period set out in para. (1), the transferee of the property shall be deemed to be the insured from the time that the risk in the insured property is transferred.
(3) Paras. (1) and (2) shall not apply
a) if insurer, policyholder and transferee agree otherwise; or
b) to a transfer of title by inheritance.
(4) The policy holder that does not notify the insurer about the transfer made and does not notify the transferee about the existence of an insurance contract remains bound to pay premiums becoming due after the date of transfer.