Homeowner's Insurance question-the company I had coverage with cancelled because I was late getting my premium?

You're not banned. But a standard insurance company is NOT going to want to give you insurance.

Don't try to do this yourself. Call some local, independent agents, and explain the situation. They can get you with a high risk policy for this year, and next year you should be able to go back to a standard policy.

One company that does this, is Foremost - but they won't write directly, you NEED to use their local agent.

Oh, and it's going to cost more, too - because it's a high risk policy.

There's no such thing as "banned" from getting homeowners insurance. But an insurance company isn't required to give you a policy, either.

There are plenty of companies that will not write a home that has been previously uninsured.

However, there are certainly places where you can find coverage. Go to an independent agent and they should have a market for you. Since insurance is a requirement of mortgages, there will always be a market.

You will be paying a surcharge for being uninsured for a period. I don't know how you could have been late and then ended up without insurance for a year. It sounds like you just didnt care, and thats exactly why you will pay a surcharge.

The first thing to do is contact your Mortgage company. They may have already placed coverage on your home since they would have been notified that your former policy was canceled for nonpayment.

If they have placed coverage and you obtain different coverage the coverage they had will be canceled and your new coverage will then be in force. Your mortgage payment will then be adjusted to reflect the changes made in the insurance premium costs.

Best wishes to you