Cancelling your policy and taking out a new one with more coverage is an option; however, many policies allow you to increase your coverage within certain limits without providing any further medical information.It’s also worth noting that if you do cancel your policy and later find you need cover again, your health could have changed and you’ll be older so it’s likely to cost more.You may even find you cannot obtain further cover due to a new health issue, so if you’re thinking about cancelling to take out a new policy make sure the new policy is in place before cancelling the old one.