What Happens If Your Homeowners Insurance Is Cancelled? 
From time to time insurance companies may choose to withdraw from a certain market . If the company has cancelled your homeowners insurance policy , your coverage will cease . Normally they give you adequate notice so you can secure coverage elsewhere . If you have a mortgage , the mortgage company will likely exercise their right to secure coverage with a policy that will protect their interests and at a price that might not please you . If you dont have a mortgage you can elect to go without . The risk of not insuring the home is great . 