house insurance cancelled; two week notice
by Cath R
Hello, Home Insurance CancellationHello Cath, It's very frustrating when there is so little information shared. The letter probably referred to "underwriting rules". These are internal rules that the insurer has for home insurance. It can be a variety of things that revolve around the likelihood of a claim occurring. This could be the age of the house, updates to the house, the occupancy of the house, and a number of other reasons. If this cancellation has occurred at a time outside of your renewal, it likely means that something has changed at your home that is not acceptable to the insurance company. The reconciliation of your account simply means that you might owe money to the insurer for time insured, or maybe they owe you money if you prepaid. Sorry this answer can't be more specific. Ask another question at House Insurance Questions and Answers Note: Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility. Make sure you review the "please read" page. OR visit Canada Home Insurance |