Canceling a homeowners insurance policy and choosing not to renew it are two very different actions an insurance company can take. Depending on your state, home insurance companies can only cancel an active policy during a policy term for a limited number of reasons. Some common reasons include the following: The policy has been in force less than a certain number of days, such as 60. You fail to pay the premium. You commit fraud or make misrepresentations on your application. Nonrenewing a homeowners insurance policy is a decision your insurance company can make to discontinue coverage at the end of a policy term. Depending on your state, if your insurance company chooses not to renew your policy at the end of the policy term, they must notify you and provide an explanation within a specified time period. Contact your company if you disagree with the reason or want further explanation.

There are numerous factors affecting your rate for homeowners insurance, including your home’s location, characteristics, and roof type in addition to your credit score (in some states) and claims history. Your home insurance rate could also change based on renovations to your property.

Although there are several different types of home insurance policies, most contain the same basic components: Declarations Page: Usually the first page of your policy, your homeowners declaration page typically contains the following summary information: Name and address of the insured Dollar amount of coverage in the policy Cost of the insurance Description of the insured property Name of the insurance company insuring the risk Contact information Definitions: Explain the meaning of terms used in the policy. Coverage: Details the extent of protection for both property (house, structures, contents) and liability (bodily injury or property damage to others for which you are liable) in your homeowners insurance policy. Exclusions: Explanation of what is not covered by your homeowners insurance policy, under both property and liability coverage. Conditions: Outline the responsibilities of both the insured and insurance company under the policy. Your duties in the event of a loss and the procedures the company will follow to settle any losses are detailed here. Endorsements: Insurance riders, amendments or attachments that alter the standard coverage provided by your home insurance policy. If you choose endorsements for your policy, you may pay an additional premium for them.

Several factors may influence your rate, including: Home features and characteristics: A home's age, structure, wiring, type and age of roof, and garage can all affect your homeowners insurance premium. Location: Rates vary depending on local and regional location. Weather, local crime rates, and proximity to a fire hydrant can all factor into the cost of your home insurance. Protective devices: Burglar alarm systems, smoke detectors, fire extinguishers, and sprinkler systems keep your home safe and can lower your rate. Claims history: You may pay more for home insurance if you have prior home insurance claims. Personal characteristics: For example, smokers may have higher rates than nonsmokers, and a good credit history may lower your insurance premium (depending on your state and insurer).

The renewal process can vary by provider, but some home insurance policies will automatically renew. Check with your provider.

To get the most accurate car insurance quote, you need to provide: Your car's make, model, and year Some information about your driving history Next, to purchase an auto policy, you'll need your vehicle identification number (VIN) and driver's license number.

Your car insurance rate is determined by factors like age, location, driving record, vehicle type and usage, and more. Find out how much car insurance costs, including average cost by region.

Business personal property is moveable property that your business owns and uses, such as furniture, machinery, inventory, and electronics. It’s covered by a business owners policy.

Small to medium-sized businesses that own or rent workspace should consider a BOP, which includes general liability and commercial property insurance. Together, this combination protects your business from accidents, lawsuits, theft, and more. Contractors, wholesalers, offices, restaurants, and retailers are some examples of businesses that could benefit from a BOP.

A business owners policy combines general liability and property insurance into one easy-to-manage policy. General liability protects your business from third-party liability claims, including bodily injury, property damage, and personal injury. There's no need for an additional general liability insurance policy if you have a BOP.

A business owners policy covers liability and commercial property claims. Liability coverage includes customer injury, damage to other people’s property, and advertising injury. Commercial property insurance protects your commercial building and its contents.