Risk Factors

Nonrenewal

An insurance company's decision not to continue a policy when it expires, typically due to increased risk or claims history.

Nonrenewal occurs at policy expiration when insurers decide not to continue coverage. Common reasons include multiple claims, increased risk, or company policy changes.

Related Terms

High-Risk Property

Properties that insurance companies consider more likely to experience losses due to location, condition, or other risk factors.

Claims History

A record of insurance claims you have filed, which insurers use to assess your risk level.

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