House insurance cancellation?

Question

it says company decision

Answer 1

If this is your first year and your house is mortgaged, it may be just like the form letter they sent to me every year that is a notice of cancellation, then when my mortage co. pays the insurance from escrow, they send a reinstatement letter.  It's crazy, but it happens every year.  

However, if you read it carefully and it's clearly not the case, do as the others suggest and shop around.

Answer 2

OK, well, then.  YOu don't exactly ask a QUESTION here.  So, your house is getting cancelled because the company made a decision.  What exactly are you ASKING?

And maybe you should ask your AGENT first, they might actually be able to help you out . . .

Answer 3

usually when it says "company decision" it means the company has discovered something that makes you a higher risk and they have chosen not to continue carrying the risk.  this can range from claims history to the condition of your property.  if you wrote the policy through a local agent, call them and they can find out exactly why they are canceling.  you really do want to know before trying to get a policy elsewhere so it doesn't happen again.

Answer 4

It would help you to know why they cancelled, so that you could correct any problems or inform a new insurer that the problem lies with the former insurer, not you. But the main thing is to get new homeowners' insurance immediately.  Read your mortgage agreement -- they require that you maintain insurance, and you usually have to provide them with a copy of the policy.  If you do not have proper insurance in accordance with your mortgage documents, you could have problems with the mortgage company.

Answer 5

Hopefully your policy came with an insurance agent. Call your agent ask him what is going on. Trust me, he/she knows more about the "company decision". And then ask he or she What are you going to do to replace my coverage? This is why you have an agent. This is why you pay an agent commissions.

You have an agent, right? If not call an independent agent now. (check your yellow pages) You need the help of a professional agent.

Answer 6

call around and get another company to insure your home and if all possible try to go with the same company that is insurancing your vehicles you will get a 20 to 30 % break when you combine them

Answer 7

ok ... so you go shopping for a new homeowner's policy.

call some agents ... i'd suggest at least one independent agent as well as some of the bigger firms.

should take a week at most.