Home Insurance I got a cancellation notice from my home insurance company due to unpaid bills. Can I reinstate my policy after the cancellation date if I pay? By Insure.com | Posted on November 26, 2010 Why you should trust Insure.com Quality Verified At Insure.com, we are committed to providing honest and reliable information so that you can make the best financial decisions for you and your family. All of our content is written and reviewed by industry professionals and insurance experts. We maintain strict editorial independence from insurance companies to maintain editorial integrity, so our recommendations are unbiased and are based on a comprehensive list of criteria. You’ll need to reapply for home insurance, and you might have to pay higher premiums and perhaps face new conditions attached to the insurance policy. Even if you get your home insurance through the same company, the insurer might want to inspect your house to make sure there have been no intervening losses since the policy was cancelled. Beware that a nonpayment history can lead to higher premiums even if you go with a different insurance company. That’s because cancellation of a policy by an insurer pegs you as a higher risk customer. Be honest when the application asks if you’ve ever been cancelled. Lying on an insurance application to save money is considered misrepresentation and can lead to yet another cancellation if the insurance company finds out. Paying higher premiums is less expensive than the devastation you’d face if your house burned down and you had no insurance. Once you have a new policy in place, consider arranging a payment schedule that works better for you, such as paying monthly. If you’re short on cash when the bill is due, consider paying with a credit card. Meanwhile, the cancellation of your insurance policy for non-payment sounds like a symptom of a larger financial problem. Seek help from a financial counselor if you’re having trouble meeting your basic expenses. Get referrals to reputable non-profit credit counselors through the National Foundation for Credit Counseling. Look for a service that offers free education and can help you set up a budgeting and savings plan, as well as work with creditors if you’re drowning in debt. For more, see insurance grace periods: When do you get cut off? In case you missed it What is HO-6 insurance? Average home insurance cost in 2023 What is dwelling coverage and how much do you need? Personal liability insurance: What it is and why you need it Renters insurance quotes: Compare rates Hurricanes and home insurance: 14 key questions answered Replacement cost policies for your home: Getting what you pay for How much do claims increase home insurance rates? Mobile home insurance: What does it cover and how much does it cost? Homeowners insurance basics Home Insurance Advisor The Best Cheap Homeowners Insurance of 2021: Guide How much flood insurance do I need? How to bundle home and auto insurance policies to save money The largest home insurance companies by market share Home Insurance Discounts Guide to dog liability insurance: cost and coverage Do you have an emergency go-bag? Most Americans don’t 1/1 Related Articles What is HO-6 insurance? By Shivani Gite Are landlords responsible for tree damage to your car? By Casey Bond Can my homeowners insurance get canceled because my house is empty? By Nupur Gambhir Does homeowners insurance cover a leaking washing machine? By Laura Longero Home insurance inspection: how to prepare a checklist By Daniel Bortz How renters insurance works for pit bulls By Nupur Gambhir