Yes, but only in certain situations. Insurance companies can usually drop you for any reason during the first 60 days of your policy. However, to be dropped in the middle of a policy period, a policyholder needs to have missed payments or violated the policy terms. The most common way for an insurance provider to drop insurance coverage is through non-renewal. This will happen at the end of your current policy period. You will receive a notice of cancellation informing you of the decision, giving you enough time to secure another home insurance policy.