How To Switch Homeowners Insurance? 
If you decide to cancel your existing homeowners policy and purchase coverage with another company there are some simple steps to follow . The company that will assume coverage should issue a binder or evidence of insurance . You should send a copy of that to the mortgage holder , if there is one . You should provide your former company with a cancellation notice , either formally or informally . Under most circumstances the previous insurance company will charge a pro-rata cancellation , charging you only for the days that they provided coverage . The new policy has a start date which will normally be the anniversary of future renewals . The lender though is the key and must know what is happening . You have an obligation to keep the property covered and they have a right to secure coverage if they discover that there was any period during which there wasnt the prescribed coverage . 