What To Do When Homeowners Insurance Is Cancelled? 
Great question . This happens more often then you 'd think . First thing you want to do is get busy finding a new policy to protect your investment especially if you have a mortgage . Mortgage companies will charge you for what 's called `` A Forced Placed Policy '' . This is a policy that covers their interest , you have no coverage for your self , your personal property or to rebuild your home in the event of a total loss . Without scaring you understand this type of policy will cost thousands of dollars and does nothing for you except raise your monthly mortgage payments . You also want to know why they cancelled your policy . Was it a roof replacement ? Tornado ? Fire ? Small claims can add up as well prompting a cancellation . We want to think about the claims we file before we file them . If it 's something you can handle without filing a claim do so , remember your future rates are at stake . 1 . Get on the phone and call your insurance company . Ask them why they cancelled you . You 'll need to know this before you call around for rates . 2 . Call insurance agencies that work with multiple insurance companies . -LRB- One company may take you with no claims and another may have guidelines of a limit of a number of claims where some may not take fire or water damage claims -RRB- 3 . If all else fails and you ca n't find coverage due to claims then call Farmers Insurance , they have a company `` Foremost '' -LRB- also some independent agencies have them as well -RRB- they take risks with a high number of claims . Shop around , it should n't take you more then a few hours to find a company that will take your home . 