Nona Phelps Coastal Shield Insurance - Cancellation Notice

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Homeowners Insurance Cancellation Notice

Published July 20, 2023
Last Updated 3 months ago

What to Do If You Receive a Homeowners Insurance Cancellation Notice

If you receive a cancellation notice from your homeowners insurance carrier, it’s important to understand your rights and take action quickly. Here’s what you need to do:

  1. Read the notice carefully. The notice should explain the reason for the cancellation and the effective date.
  2. Contact your insurance company. Ask why your policy is being cancelled and see if there’s anything you can do to prevent it. If the cancellation is due to nonpayment of premiums, you may be able to reinstate your policy by paying the outstanding balance. If the cancellation is due to other reasons, such as a claim you made, you may be able to appeal the decision.
  3. Start shopping for a new policy. Even if you’re able to reinstate your current policy, it’s a good idea to start shopping around for a new one. This will give you peace of mind knowing that you have coverage in place if something happens to your home.
  4. Make sure you have adequate coverage. When you’re shopping for a new policy, be sure to compare quotes and make sure you have enough coverage to protect your home and belongings.
  5. Get proof of insurance. Once you’ve found a new policy, be sure to get proof of insurance. This will show your lender that you have adequate coverage in place.

Here are some additional tips for homeowners who receive a cancellation notice:

  • Don’t panic. It’s important to stay calm and take action quickly.
  • Be prepared to answer questions. Your insurance company may ask you questions about your claim history or the condition of your home.
  • Be persistent. If you’re not satisfied with the explanation for your cancellation, don’t give up. Keep fighting for your right to coverage.

Getting your homeowners insurance cancelled can be a stressful experience, but it doesn’t have to be. By following these steps, you can protect your home and belongings and get the coverage you need.

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