Can The Insurance Company Cancel My Policy?

Free Insurance Quote Comparison

 Secured with SHA-256 Encryption

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Full Bio →

Written by

UPDATED: Jul 16, 2021

Advertiser Disclosure

It’s all about you. We want to help you make the right legal decisions.

We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.

Once the company has offered a policy and the customer has accepted it, the company is committed to the terms specified in the policy. The exception is provided by a clause in the policy called the “contestable period” (usually one or two years). During this period, the company can cancel the coverage and return the premiums if it discovers that the information given by the policyholder to qualify for the insurance contains major misstatements. Suicide is also not covered during an initial period which may be the same as the “contestable period.” The “contestable period” provides the company a reasonable opportunity to protect itself against people getting insurance they would not qualify for if they gave truthful information on their applications, and it also provides the vast majority of honest policyholders the assurance that their policies will be honored.

Free Insurance Quote Comparison

Enter your ZIP code below to compare cheap insurance rates.

 Secured with SHA-256 Encryption