Insurance companies guarantee at the time of making the contract that they will provide coverage when you need it. This is true for homeowners’ insurance as well. However, there are times when the company has to cancel the policy. More often than not, this happens when the company feels you are trying to take undue advantage of the policy and benefit from it a way you are not legally allowed to. Let’s look at some instances in which your home insurance policy in Florida will get cancelled.
Claiming Without Receipts
Perhaps the most common of all situations in which your policy will be voided is filing a claim for certain goods and items without having the receipts to prove you had them in the first place. The insurance policy clearly states you have to produce receipts for all the items you are filing a claim for. Failure to do so, especially more than once, can get your policy cancelled.
Nefarious Arson or Flooding
If your home has been damaged by a fire or flood, experts will be called in to expect the damage. It is on their judgment that the insurance company will decide whether they are liable to pay damages. If the experts find you have caused the fire or flooding deliberately or it was caused by your negligence, your policy will be voided there and then. Same is the case with damage caused deliberately.
Undocumented Changes to the Property
The home insurance policy holds well and good if your property, in this case your home, remains in the state it was at the time of the policy being made. If you make changes to the property, such as adding new structures or removing a part of it without notifying the insurance company, your policy is cancelled.
In addition to these three, you can also have your policy cancelled if you file too many claims. The insurance policies expect a certain number of claims per policy. If you exceed that considerably, your policy might get cancelled.
by Morgan Moran