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The Water Cooler
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Surging home insurance costs could force families to leave these 10 states (OK is one)
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<blockquote data-quote="JD8" data-source="post: 4258751" data-attributes="member: 24"><p>In the context I was speaking, You're right, I was wrong. I'm speaking of being non-renewed, it's 30 days not 45. 45 is commercial P&C. </p><p></p><p>For mid term cancellation for cause, it's 10 days for non-pay, committing a crime, or change in risk etc. (seems an inspection found something?) </p><p></p><p><a href="https://www.oid.ok.gov/consumers/insurance-basics/choosing-your-homeowners-insurance-policy/#1569238268599-1374e0bd-6abb" target="_blank">https://www.oid.ok.gov/consumers/insurance-basics/choosing-your-homeowners-insurance-policy/#1569238268599-1374e0bd-6abb</a></p><p></p><ul> <li data-xf-list-type="ul">You fail to pay the premium.</li> <li data-xf-list-type="ul">You have committed fraud or made serious misrepresentations on your application.</li> <li data-xf-list-type="ul">You willfully act in a way that increases any hazard the policy insures against.</li> <li data-xf-list-type="ul">You violate any local fire, health, safety, building, or construction regulation or ordinance that increases hazards.</li> <li data-xf-list-type="ul"><strong><strong>A change in the risk occurs which substantially increases any hazard insured against.</strong></strong></li> <li data-xf-list-type="ul">The Commissioner determines that the continuation of the policy would place the insurer in violation of Oklahoma insurance laws.</li> <li data-xf-list-type="ul">The insured party is convicted of a crime having as one of its necessary elements an act increasing any hazard the policy insures against.</li> </ul><p></p><p>Doesn't surprise me though, Mercury is notoriously difficult.</p></blockquote><p></p>
[QUOTE="JD8, post: 4258751, member: 24"] In the context I was speaking, You're right, I was wrong. I'm speaking of being non-renewed, it's 30 days not 45. 45 is commercial P&C. For mid term cancellation for cause, it's 10 days for non-pay, committing a crime, or change in risk etc. (seems an inspection found something?) [URL]https://www.oid.ok.gov/consumers/insurance-basics/choosing-your-homeowners-insurance-policy/#1569238268599-1374e0bd-6abb[/URL] [LIST] [*]You fail to pay the premium. [*]You have committed fraud or made serious misrepresentations on your application. [*]You willfully act in a way that increases any hazard the policy insures against. [*]You violate any local fire, health, safety, building, or construction regulation or ordinance that increases hazards. [*][B][B]A change in the risk occurs which substantially increases any hazard insured against.[/B][/B] [*]The Commissioner determines that the continuation of the policy would place the insurer in violation of Oklahoma insurance laws. [*]The insured party is convicted of a crime having as one of its necessary elements an act increasing any hazard the policy insures against. [/LIST] Doesn't surprise me though, Mercury is notoriously difficult. [/QUOTE]
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