Yes, a policy with us can be cancelled at any time. Earned/returned premium is calculated to reflect the seasonality of flood and wind claims/risks.  Premium earned calculations: Hurricane premium generally provides coverage from June through November (hurricane season). Premium will be earned pro rata as to time a policy is in effect subject to certain minimum earned by month during the hurricane season (higher than pro rata time) as shown below by month. The maximum earned will not exceed the policy premium. July – 15%, August – 20%, September – 30%, October – 20% Exception to the above earning calculation: All policies, regardless of time of year, have a 25% minimum earned premium. Flood policy minimum earned premium is weighted by peak flood season based on location of risk.