Avoid Having Your House Insurance Cancelled

Your home needs homeowners insurance in order to cover it in case disaster strikes and you don't want to experience a financial downturn. 

Homeowners who file frequent insurance claims, break the rules, and have bad credit may be in for a fairly rude awakening when the time comes to renew their policies. That's because all of these actions are noted in the homeowners' history and could cause insurers to view them as greater risks for filing future claims. These associations with high risk could cause them to face higher premiums or even cancellation of coverage. Here are some snafus that you should avoid committing if you don't want to have your house insurance cancelled.

1. Too Many Claims: You will not have you your home insurance cancelled for an occasional claim-even if the claim is major like a lightning strike, or a tree falling on your house. But too many claims in one year could see your policy being cancelled because it is too much of a risk to insure.
2. Unacceptable Risks on Your Property: Property that is hazardous and is in disrepair can cause your insurance company to cancel coverage. Things like a leaky roof, unsafe pipes, or kitchens that are seen as risks of fire can cause your insurance company to cancel coverage.
3. Poor Payment History: When looking to renew your policy, insurance companies will take a look at your payment history. If your payment history is bad and shows signs of missed payments, your coverage could be cancelled because they no longer want to take the risk of you missing a payment.

You should know what could lead to the cancellation of your policy, purchasing a quality homeowners insurance. For all of your insurance coverage needs, contact the insurance experts at Scavone Insurance Agency Center LLC in White Plains, New York. We will work with you to makes sure you have the coverage you need to protect you from any perils.