Can an insurance company cancel my insurance because I do not live in my home?

When you are seeking insurance coverage for your home, you may be worried about the way that changes will impact your coverage. Moving out of your home for any reason may impact your options and the insurance company might cancel your policy, but the reasons for the cancelation may vary.

Inform the Insurance Provider

If you are moving out of your home for any reason, then you should discuss your options with the insurance company before you leave the property. Generally, insurance providers will not want to provide full coverage for a house that you are not living in because the amount of risk and the type of problems that may arise may change.

Talking to a representative of the company and explaining the reason that you are moving out of the house can provide new opportunities and avoid the sudden cancelation of your coverage. In some cases, the insurer may change the type of coverage so that the property is protected as a vacant house rather than a primary residence.

Loss of Coverage

Generally, insurance companies will cancel coverage if you are not honest with the company. For example, if you lie about living in the house, then you may lose your coverage.

The loss of coverage may mean that you will need to seek a new policy. The options that are available may vary, so you will need to compare your options to ensure that you have the coverage that you want or need.

There are situations that will result in the loss of home insurance coverage, but the reasons that your policy is canceled may vary based on the situation. Contact us to talk to an agent to learn more about your options.

Do I Need Special Auto Insurance for Classic Cars?

Buying a classic car can be exciting, but there are a variety of concerns that also arise when you purchase an expensive or rare vehicle. In most cases, you will want to purchase a classic car auto insurance policy that is appropriate based on the way that you plan to use the vehicle.

Driving and Auto Shows

There are two main ways that a classic car is used: driving or showing the vehicle at an auto show. You may also purchase the vehicle for personal interests and enjoy driving on special occasions, but the potential risks associated with the vehicle can vary based on how you intend to use the car.

A classic car auto insurance policy will usually provide coverage for basic concerns, but there is also the possibility of limitations. Some insurers may focus on how you use the car before deciding on the coverage that is appropriate for your goals.

Limited Time Behind the Wheel

Many insurance providers will only allow a set number of miles added to the car each year. This means that you may have limitations on how often you can take the car out and enjoy it on the road.

Primarily, the reason for limitations on your mileage relate to the risks. A classic car may be difficult to repair after an accident because certain parts may not be available or easy to find. Fortunately, insurance will usually cover the vehicle as long as you follow any stated limitations.

Owning a classic car means that your risks and concerns may differ from the needs of a new model. There is coverage that specifically addresses classic vehicles, but you will want to read the policy to ensure it is appropriate for your needs. Contact us to speak to an agent for more information.