Can the Insurance Company Cancel My Home Policy?

While the exact rules governing the insuranceinsurer in violation of the law.
practices vary by state, here are a few commonPrior to cancellation, insurer may be required to
ones.provide you with sufficient written notice of
Insurance company is permitted cancel a policy for acancellation.
period of 60 days. After 60 days, the policy can beInsurance company can refuse to renew home
cancelled during the term of the contract for specificcoverage at the end of the term of the contract
causes like:again after giving at least forty-five (45) days in
(1) Nonpayment of premiumadvance a written notice of nonrenewal with a
(2) Conviction of a crime which increases hazardstatement of the reasons for nonrenewal.
under the policyIn case your policy is cancelled and you can not get
(3) Fraud or misrepresentation by the insured ininsurance from any other company, your state may
obtaining the policyhave a fall back option. Fir example in Massachusetts,
(4) Willful or reckless acts or omissions by the insuredThe Massachusetts Property Underwriting Association
increasing the hazard of damage("The FAIR Plan") is a statutorily created program.
(5) Physical changes in the property making propertyOther states also have similar programs and known
uninsurableas the insurer of the last resort. You can obtain more
(6) Determination by the commissioner thatinformation about your state's plan by calling your
continuation of the policy would violate or place thestate insurance commissioner.