What are reasons
the insurance
company may cancel
my insurance?
In most states, there are very limited circumstances under which
an insurance company can cancel a policy. They are:• The insured fails to pay the premium;
• The insured loses his or her driver’s license;
• The insured is guilty of material misrepresentation during the
application process; or
• The insured fails to report a substantial change of risk, such as
replacing a family sedan with a convertible sports car.
However, instead of cancelling your policy, the insurance
company may elect not to renew it. Some reasons
insurance companies choose not to renew insurance policies
can include:
• The insured accumulates multiple speeding tickets;
• The insured is caught drinking and driving; or
• The accident or crime rates have significantly changed for the
region the insured is living in.
replacing a family sedan with a convertible sports car.
However, instead of cancelling your policy, the insurance
company may elect not to renew it. Some reasons
insurance companies choose not to renew insurance policies
can include:
• The insured accumulates multiple speeding tickets;
• The insured is caught drinking and driving; or
• The accident or crime rates have significantly changed for the
region the insured is living in.
