What Happens To Homeowners Insurance During Foreclosure? 
I 'm not sure I would suggest simply cancelling your policy . If you no longer own your home , you no longer have an obligation to insure it , but do n't forget your homeowner 's policy also covers your personal property -LRB- which you would still own -RRB- , additional living expense should your living quarters be damaged and untenable and personal liability coverage . If you are still living in the home or move into a rental , you should be able to amend your current coverage to cover your new living arrangements . 