This reason must be approved by the South Carolina Department of Insurance before notice is given to you. The company may choose not to renew your policy on the anniversary or expiration date. Examples include lightning, floods, tornados and hurricanes. You may cancel your policy at any time by returning the policy or notifying the company or your agent of the future date of cancellation. Most companies charge a penalty when you cancel.
Companies have different underwriting requirements governing the kinds of risks they insure.
Condition and upkeep of the property. Age of your property. Value of your property. Previous claims and reasons for claims. Amount of insurance you are willing to carry.