Homeowners Insurance Cancelled or Not Renewed: What to Do. Your home insurance company may cancel your policy or refuse to renew it for various reasons. This puts you at risk for being stuck paying huge repair or replacement costs if your home is damaged. We can help you learn what to do if your homeowners insurance policy is canceled or not renewed by your provider. Below, we'll explain why insurance companies cancel home policies and what you can do if it happens to you.
Homeowners Insurance Cancelled or Not Renewed: What to Do from blog.insurify.com
When an insurance carrier chooses to non-renew a homeowners insurance policy, they are not cancelling the insurance. One common misconception of insurance non-renewal is that it’s the same as insurance cancellation. Cancellation of your insurance policy can happen if the premium isn’t paid or if they’ve decided you’ve misrepresented your information or committed some kind of fraud.
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