Storm risk is just one of many reasons insurance policies are canceled. For starters, insurance companies cancel policies because of late payments, pets, old roofs, and trees in the wrong place.
Worried that your homeowner’s insurance could be canceled one day? Well, you won’t be able to blame it on the hurricanes in 2022.
Why Insurance Companies Cancel Policies
There are many reasons why your insurance company might cancel your policy, such as not paying your premiums, the risk of wildfires in your area, not taking care of your home, or making too many claims. But there are also some unusual reasons, like certain dog breeds, snakes, electric vehicle hookups, and solar panels.
While an insurance company can’t typically
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