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Hung Out to Dry: Property Insurance Cancellation
June 24, 2021
Gina Clausen Lozier
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Hurricane Preparedness, Atlantic Hurricane Season, Policy Cancellation
Following the recent wave of policy cancellations and non-renewals, many of Florida’s property owners are left wondering whether cancellation of their policy is imminent and, if so, how long will they have to find new insurance. The cancellation of an insurance policy always a concerns but even more time-sensitive during hurricane season. Fortunately, the cancellation of certain property insurance policies during a hurricane event is governed by Florida Statute Section 627.4133(2)(d), which outlines the various requirements and time frames Florida’s insurers must follow.