Title: Can Your Insurance Company Cancel Your Policy Without Notice?
Headings: Can Your Insurance Company Cancel Your Policy Without Notice?
Can Your Insurance Company Cancel Your Policy Without Notice?
Rights of the Insured
Key Takeaways
Reasons for Cancellation
Ways to Negotiate
The Bottom Line

Content: Reasons for Cancellation
Policy contracts contain the provisions of the policy, including reasons for cancellation. Some common reasons include: Intentional damage to a covered asset by the insured, policyholder, or interested third-party
Criminal record
Insured poses a "moral risk"
Life changes
Too many missed payments
Too many claims
Significant changes in risk. Ways to Negotiate
It is worth a call to your insurance company to try to halt the cancellation by providing a satisfactory solution to the complaints made by the company. First, make sure the information in your file is up to date and accurate. Review the complaint and come up with several possible solutions. For example, if your homeowner's insurance is being canceled due to too many claims for water damage, ask if you can remove coverage for water damage from your policy going forward, or ask if they have another policy that does not cover water damage. The Bottom Line
An insurance company has the right to cancel your policy if you do not fulfill your obligations under the policy agreement. However, by using resources like the NAIC, which can offer free advice and services to policyholders, and trying to negotiate with your insurance company, it may be possible to keep your insurance.