During your policy term, your insurance company may send letters and notifications to keep you informed about your policy. In certain cases, formal notices such as a Notice of Cancellation or Notice of Nonrenewal are required.
Notice of Cancellation
Cancellations can occur at any time during your policy term, either requested by you or initiated by your insurer. If your policy is canceled, the cancellation will take effect on the date specified in the Notice of Cancellation, not the expiration date on your policy Declarations pages. Your insurer will provide the reasons for the cancellation. If applicable, you will receive a refund of any prorated premium (unearned premium) within 15 business days of the cancellation’s effective date.
Notice of Nonrenewal
A nonrenewal means your policy will expire at the end of the current term and the insurer will not offer to renew it. Florida law requires insurers to provide at least 120 days written notice of nonrenewal, including a reason for the nonrenewal. Your policy may be nonrenewed for various reasons.
Important Note
If your insurer offers to renew your policy and you do not pay the renewal amount by the specified due date, you have not accepted the offer to renew your policy. As a result, your coverage will expire at the end of your current policy term.
