| 8. WHEN CAN AN INSURANCE COMPANY CANCEL MY HOMEOWNERS COVERAGE DURING THE POLICY TERM? |  |
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According to Massachusetts General Laws Chapter
175, Section 99 (12), your policy can be cancelled for these
reasons:
- Non-payment of premium;
- Material misrepresentation/Fraud;
- Conviction of a crime arising out of acts increasing the
hazard insured against. (For example, conviction for illegal
storage of fireworks);
- Discovery of willful or reckless acts or omissions by
the insured increasing the hazard insured against. (For
example, not getting a gas leak fixed);
- Physical changes in the property insured which result in
the property becoming uninsurable. (For example, should the
home become vacant for more that 60 consecutive days, there
is automatically assumed to be a greater exposure to
vandalism and damage); and
- A determination by the Commissioner of Insurance that
continuation of the policy would place the insurance company
in violation of the law.
Source: Massachusetts Department of Insurance
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For information about Lynch Insurance please contact: William Lynch |
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