During the first 60 days the policy is in effect, the insurer may cancel for any reason, as long as they give you adequate advance notice. Once the 60 day period has passed, the insurer may cancel the policy midterm if you:
1. Fail to pay your premium when due; 2. Commit fraud or material misrepresentation in applying for the policy or in making a claim; 3. Violate a term or condition of the policy; or 4. Have a driver's license suspension.
The policy may be nonrenewed if you or any driver residing in your household is convicted, within the last three years, of a serious motor vehicle violation (such as OUI or vehicular homicide), reckless operation of a motor vehicle, or has three speeding convictions. Nonrenewal may also result if you and/or a driver under your policy is involved in two accidents in the aggregate that result in $500 or more in damages. There are some exceptions that prevent insurers from considering certain accidents. Your policy might also be nonrenewed if there is a material change in the type of motor vehicle insured under the policy.
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This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified insurance lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local insurance attorney to discuss your specific legal situation.
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