Once you get your homeowners policy, you certainly made a critical step for your safety, but still, have to take care of a few things over time. There is worry about if an insurer can drop one’s policy, that being the case the insured would feel somewhat abandoned and rightly in a position of risk. Truth is: yes, your home policy can both be canceled and not renewed, for some different reasons, in most cases being for the insured fault; in other, external causes might make the insurance company decide so.
A policy can be dropped after a short period, like a few months, forTwo major reasons: either you haven’t paid the installments, or you have been caught in a fraudulent practice.
Premised that the insurer will let you know in advance that your policy is going to be canceled or not renewed, with a time window to proceed depending on the insurance company, the reasons for that can be the following:
Not every factor is important in the same way: some will impact more or less on the likelihood to get a policy from another insurer.