The agreement you have with an insurance company to insure your autos or home is a two sided mutually agreed upon situation. If either side wants to bow out, they have the right to do so.

We see this more often on the consumer side when a client chooses to change companies. It can be also be done by the company. I recently had a situation where a client was non-renewed because it was discovered through a claim, that his roof was rotting out.

The claim wasn’t covered (see dryrot podcast episode) and the company recognized this was no longer an acceptable risk and non renewed them . By law, the company has to give a proper amount of time to find another policy and in this case it was 8 weeks.

It is the responsibility of the homeowner to do their best to keep their home safe. If it is neglected or regular wear and tear isn’t repaired, the company can walk away. Statistically, homes with existing damage are the source of more claims. It’s a business decision, not personal.

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