Title: What Happens When Your Home Insurance Is Canceled? | Policygenius
Headings: What happens when your homeowners insurance lapses?
What happens when your homeowners insurance lapses?
Key takeaways
What is a homeowners insurance lapse in coverage?
You failed to make necessary repairs to your home
Your risk changed
You lied on your application
You stopped making payments
Get the right advice, right here.
What happens when your homeowners insurance lapses?
Your mortgage company may purchase insurance for you
Your homeowners insurance premiums go up
It may be harder to get insurance going forward
Can you get homeowners insurance after a coverage lapse?

Content: Your insurer may also list certain conditions that you need to correct in order to keep the policy active. These conditions could include replacing a section of your roof, getting protective netting for your trampoline, or removing fire hazards like tree branches or dry grass and brush around your home. Most insurance companies give policyholders up to 30 days to correct any impediments to coverage. Your risk changed
Your insurance company may also cancel your policy if your risk changed substantially. For example, if you buy a new dog, that can change your risk drastically. Your insurer may also cancel your policy if you live close to an area that recently experienced a costly natural disaster, like a hurricane or wildfire. You lied on your application
If you stated in your application that you don’t have any pets but your company finds out otherwise during the inspection, it will likely drop you from coverage
You stopped making payments
If you stop paying your homeowners insurance premiums and don’t pay off the balance by the end of your grace period, your coverage will lapse. Get the right advice, right here. No sweaty sales pitches. Just unbiased advice from licensed experts.