Is Homeowners Coverage Cancelled If Named Insured Dies?
The insured died a week and a half before the renewal date but had already paid the renewal premium. The experts disagree on whether the policy was cancelled.
Cancellations
Homeowners Cancellation Request: Do Both Insureds Need to Sign?
The policy conditions for a homeowners policy state that the first named insured is the one who has the authority to cancel an insurance policy. Does that mean that the second named insured is not required to sign?
Can an Agency Non-Renew a Nightmare Customer?
A client has been very belligerent to agency staff throughout the years yet still stays with the agency. If the agency gives a 60-day notice, can it non-renew this client?
Can Carriers Tell If a Client Had a Policy Canceled for Nonpayment?
If a client’s policy is canceled for nonpayment—whether intentional or not—would it impact that client’s ability to get another policy?
Going Out of Business: Returning the Premium on a Cancelled Commercial Policy
The agency sent the return premium check to the first named insured but was informed the entity has dissolved and was requested to send the check to an individual.
Does a Carrier Need to Provide a Reason for a Midterm Cancellation?
The carrier cancelled coverage based on inspection results from a third-party inspector, but claims the inspection is the inspector’s intellectual property and won’t release a copy.
Should an Agency Inform Insureds of Cancellations for Nonpayment?
Should agents let the insured know and track down the premium past due or just let the policy lapse?
Should You Alert COI Holders of Policy Cancellations?
What’s the best way to let certificate of insurance holders know that a commercial liability policy has been cancelled?
How to Handle a Retroactive Policy Cancellation Request
An agent’s insured is selling her home. She received a contract for closing in 45 days and wants her agent to cancel the policy back to the date of the contract. Is the agent obligated to do so?
