Skip to content

Homeowner’s Guide to Insurance Policy Non-Renewal


Owning a home is a journey filled with joy, memories, and the occasional challenge. 

One such challenge that many homeowners face is the non-renewal of their insurance policy. While this might initially seem unsettling, understanding the reasons behind non-renewal can empower you to make informed decisions and ensure your home remains adequately protected. 

The factors behind non-renewals can vary by state and insurance provider. As such, the information provided in this article will speak to generalities in insurance policy non-renewals. Keep reading to explore the nuances of insurance policy non-renewals and shed light on this often misunderstood topic.

At a glance:

  • Insurance providers are required to follow the statutes and regulations of each state regarding non-renewals. This means that there is variation by state and insurance provider.

  • Manage your policy responsibly by providing accurate information and promptly notifying your insurer about any property changes.

  • Actively safeguarding your property with proactive maintenance, and staying informed is the key to a secure and worry-free homeownership experience. 

Changes in risk 

The world is in a constant state of evolution—and so are the risks tied to your property. 

Insurance companies continuously assess property risks to provide accurate coverage. They manage property risks on a granular level to ensure that your coverage remains accurate and reliable. 

For instance, if your region faces an upswing in natural disasters like hurricanes, floods, or wildfires, your insurance provider may non-renew your policy. While this decision is likely frustrating, it stems from their commitment to responsible risk management practices. 

In addition, keeping your home well-maintained not only keeps it in a desirable living condition for you and your loved ones but also ensures its resilience against changing weather, and can minimize the insurance risk associated with the property.

Changes in market dynamics

The insurance market operates within a dynamic environment. Economic shifts can impact property values and construction costs, leading insurers to adjust their coverage offerings.

Insurance companies are meticulous, constantly refining their underwriting guidelines based on market trends, risk assessments, and various other factors, to design policies that are both robust, stable, and relevant to their policyholders’ needs.

So if you find your policy facing non-renewal, it might be a result of these changes rather than anything you did “wrong”. If your policy no longer aligns with these market changes, it might face non-renewal. This is where the expertise of your insurance agent becomes invaluable. 

Regularly reviewing your policy with your insurance agent ensures your policy remains up-to-date and your home and personal belongings are adequately covered.

Staying informed means being prepared. With the right adjustments guided by your insurance agent, your policy is more likely to sail smoothly through the market’s shifting currents. 

Your home’s age can impact policy renewal

Another limiting factor for insurance policy renewal could be the age of your home. While an older home carries the charm of history, it can face non-renewal due to its age. 1

As homes age, new issues can creep up. Older properties may have outdated wiring, plumbing, or structural issues that pose higher risks for insurers. 

To address these concerns, consider investing in renovations and upgrades that mitigate these risks. Modernizing your home not only enhances your living experience but also makes it more attractive to insurers, potentially lowering the risk of non-renewal.

If you are in the market for an insurance provider, consider Openly so you can confidently pursue these improvements without fear or unexpected expenses due to legal or regulatory complications. Openly covers any additional costs resulting from the enforcement of ordinances or laws up to the policy's replacement cost limit, ensuring your investment is fully safeguarded. 

Filing claims and policy mismanagement

Now let’s dive into a couple of factors that you as a homeowner may hold some control over. 

While insurance is undoubtedly a lifeline during unexpected events, it's key to strike a balance between using your insurance for significant issues and handling minor repairs independently. 

Moreover, diligently managing your policy, providing accurate information, and promptly notifying your insurer about changes can build trust and reduce the risk of non-renewal due to policy mismanagement.

By managing your policy responsibly, and adhering to the terms and conditions of your policy, you’re ensuring that your insurance coverage remains robust and ready to weather any unexpected storms.

Empowering homeownership 

Being a responsible homeowner involves more than just paying premiums—it's about understanding the complexities of insurance policies and actively safeguarding your property. 

Staying proactive, using insurance judiciously, prioritizing maintenance and renovations, and adapting to market dynamics, ensures you not only enhance your home's safety but also ensure the continued protection of your cherished abode. 

Stay informed, stay secure, and enjoy the peace of mind that comes with a well-maintained, properly insured home. Knowledge is the key to a secure and worry-free homeownership experience.

* We provide this information to help you understand insurance. Any coverage is subject to the terms of your policy. Please refer to your policy and declarations page for complete coverage details. 


1  Wilson Walker. “Insurance company declines to renew homeowners coverage due to Menlo Park house's age.” CBS. Published 20 July 2023. Accessed 16 October 2023.

Alyssa Little headshot

About the Author

Alyssa Little | Senior Content Strategist

Alyssa is the Senior Content Strategist at Openly, collaborating with industry thought leaders to provide insightful and informative content in the home insurance space. With over 15 years experience in content marketing strategy, copywriting, and editing, Alyssa has refined her expertise through her work at such companies as Gartner, Nike, and Trupanion. Alyssa holds a BA in History from the University of Puget Sound and an MA in Museum Studies from Newcastle University.

Related Blogs