Title: What Can I Do When My Insurance Is "Non-Renewed?"
Headings: What Can I Do When My Insurance Is “Non-Renewed?”
What Can I Do When My Insurance Is “Non-Renewed?”
Non-renewals and cancellations are not the same.
A) When the policy end date occurs.
B) Why the policy end date occurs.
C) The effect on your premium with the new insurance carrier.
Consider Why Your Policy Was Non-Renewed
What Are You Going to Do About It?

Content: B) Why the policy end date occurs. Cancellation is generally considered to be an insured-triggered event, meaning the insured didn’t pay the policy premium or failed to provide proper and complete information during the underwriting process, or the client decides to cancel the policy and go with another carrier. Non-renewals are generally company-triggered events, many of which are discuss further in this article. C) The effect on your premium with the new insurance carrier. The reason for a cancellation can indicate to an insurance carrier that an insured may not be the best risk due to either claims, premium nonpayment issues or underwriting reasons, which can negatively impact the carrier’s desire to insure the client. This can lead to higher deductibles, higher premiums and/or higher down payments for premium financing. A non-renewal usually has little to no impact on an insured’s ability to secure reasonably priced coverage on the open market. Consider Why Your Policy Was Non-Renewed
The reason an insurance company non-renews a policy will be listed either on the Cancellation or Non-Renewal document, or in the cancellation/non-renewal letter they send to the insured. There are many different reasons that a policy would be nonrenewed by an insurance company, and only a few of them would be driven by the insured. Here are just a few: