Your home is most likely your most costly asset and it should be protected as such. Having your insurance policy dropped or cancelled is not something you want to have happen. Knowing what can cause your homeowner’s insurance company to drop or cancel your policy - and what to do when it does - is an important part of being a homeowner.

For starters, the cancellation of your policy and non-renewal of your policy are a little bit different. Some reasons for non-renewal are deterioration of the home, too many claims, extended vacancy, or any change in risk exposure. In order to keep from losing your insurance, try to keep claims to a minimum and keep your home in good repair. In the case of non-renewal at the end of your policy period, insurance companies (in most states) must give a 30 day or more notice of non-renewal.

Cancellation occurs any time during your policy period. Insurance companies in many states are allowed to cancel within the first 60 days in the case of undisclosed risk being discovered or not paying your premium. As an independent agent, we have options and will work with a client and our companies to design a program for you.