Title: What Happens If My Homeowners Insurance is Cancelled or Not Renewed? | QuoteWizard
Headings: What Happens If My Homeowners Insurance is Cancelled or Not Renewed?
What Happens If My Homeowners Insurance is Cancelled or Not Renewed?
How a cancelled or non-renewed home insurance policy affects you
Why do insurance companies cancel home insurance policies?
What should I do if my home insurance is cancelled or not renewed?
What you can do to prevent homeowners insurance policy termination

Content: Mortgage providers require home insurance for the duration of the loan. To avoid a default, you want to make sure any homeowners policy you get insures an equal or greater amount than your loan balance. Why do insurance companies cancel home insurance policies? There are several reasons why your homeowners insurance policy may be terminated. Your insurer can choose to either cancel or just not renew your homeowners policy, depending on the situation, but non-renewal is the more common of the two. If you've had your policy for more than two months, there are only two reasons why it can be cancelled. One is if you haven't paid your premiums. The other is if you've engaged in fraudulent behavior. Even so, a home insurance company can refuse to renew your policy at the end of its term for many other reasons, including: Filing too many claims.