Cancelling your policy - Renewing and cancelling - Insuring - Owner - Home insurance | Infoinsurance.ca

Owner

Renewing and cancelling

You can cancel your insurance policy at any time and for any reason.

You’ve found a home insurer who’s offering a lower premium and want to cancel your policy with your current insurer?

To do so, you must send a written notice to your insurance agent or broker. However, you may be charged a penalty. (The longer the remaining policy term, the higher the penalty.)

Your insurer also can decide to cancel your insurance policy if, among other reasons, you have not paid your premium. If this is the case, your insurer must send you a written notice and the cancellation will take effect 15 days after the notice is received. The insurer will reimburse you a portion of the premium, where applicable, for the non-used portion of the policy.

A movie
or music buff?

A movie or music buff?

If you own a large movie or CD collection, you should know that, in case they’re stolen, most policies include a maximum indemnity amount.

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