Can You Cancel Home Insurance? 
In Canada , you can cancel you home insurance . There are however ; considerations you should be aware of . here are a couple : If you have a mortgage on your home , the lender usually requires insurance coverage . Home insurance contracts are on a yearly basis and if you cancel before the renewal date there is usually a penalty.There could be more considerations depending on your individual circumstances . You should speak with an independent insurance agent or broker in your local area as laws vary . 