Can A Home Insurance Company Drop You?

1. 

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   Ted Ratliff

   Owner, SFS Associates,

   Any Home or Auto insurance company can drop you.  Home insurance is not guaranteed renewable.  The company has a right to drop you or raise your premium at each renewal.  This can be done because of claims experience, deterioration and maintenance of your home, or in some cases a company will pull out of an area or state completely.  This happened in Florida because of the frequency of hurricanes.

   Answered on May 21, 2013

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2. 

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   Mark Bartlett CLCS

   Branch Owner, TWFG Insurance Services, Fremont California and the Greater Bay Area Representing Dozens of Insurance Carriers

   A insurance company will look at any insured or potential insured and weigh the risk involved. After the risk assessment a company can make an offer for insurance. Should the risk change significantly  a company can chose to either increase the premium associated with the risk or chose to no longer carry the risk. Keep in mind when a insurance company is renewing you it is an offer of renewal.

   Answered on May 21, 2013

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   David Osgood

   Agent, Rural Mutual Insurance Co., Union Grove, WI

   An insurance carrier may decide to cancel or non-renew a client if the client no longer meets the carriers standard for providing coverage. A client could also be dropped or non-renewed by a carrier if the coverage provided was approved under false information or fraudulant acts. If you receive a letter of cancellation or non-renewal from your current carrier you should contact your local agent to either contest be dropped or non-renewed or they may be able to help you secure coverage else where.

   Answered on October 29, 2013

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