Homeowner’s insurance coverage protects your home and personal property against various perils, such as fire, theft, and natural disasters. However, certain activities or behaviors can result in losing your coverage. Therefore, it’s essential to understand what actions can lead to a policy cancellation to avoid finding yourself without coverage when you need it the most.

Filing too many claims
Filing too many claims is one of the activities that can result in losing your homeowner’s insurance coverage. While homeowner’s insurance coverage is designed to protect you against unforeseen events, an insurer may view frequent claim filers as high-risk customers. As a result, insurance companies may cancel your policy or increase your premiums substantially.

Insurance fraud
Involving in insurance fraud is a severe crime that can result in losing your homeowner’s insurance coverage. Insurance fraud occurs when someone intentionally deceives an insurance company for financial gain. It can take many forms, such as filing false claims, exaggerating damages, or intentionally causing property damage to collect insurance proceeds. If the insurance company suspects fraud, they may cancel your policy or report the incident to the authorities.

Failing to pay premiums

Homeowner’s insurance policies require regular premium payments to maintain coverage. When you fail to pay your premiums, the insurance company will typically send a notice reminding you to make the payment. If you still fail to pay the premium, the insurance company may cancel your policy or refuse to renew it.

Overall, being aware of the activities and behaviors that can lead to losing your homeowner’s insurance coverage is crucial. By taking the right steps to mitigate risks, you can avoid losing your coverage and have peace of mind knowing that your home is insured.