Ohio laws backdating insurance policies russian online community dating search

30-Oct-2017 11:22

If your homeowners insurance provider makes the decision not to renew your policy, then they are required to give you a notice of at least 30 days prior to the policy’s expiration date.

If this advance notice is not met, then the provider must renew your policy if you request it.

An unearned premium is a prorated amount that you have already paid in towards your yearly premium.

There are a number of reasons that you insurer may decide to cancel your policy and they include: an undisclosed risk of loss, insurance fraud, a recently increased risk, or a failure to pay premiums on time.

However, having homeowners liability coverage to protect you and your home is essential, so if you haven’t planned to cancel your policy and it is canceled by your insurer, then you could be in a very bad position.

Due to cancellation, your home could be left unprotected and you could suffer great financial losses.

It’s important to understand the difference between homeowners insurance cancellation and non-renewal.

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