Your insurer can choose to either cancel or not renew your homeowners policy depending on the situation. The most common way for an insurance provider to drop insurance coverage is through non-renewal. This would happen at the end of the current policy period. You would receive a notice of cancellation informing you of the decision, giving you enough time to secure another home insurance policy. Policyholders facing non-renewal or cancellation must be given between 30 or 60 days notice (depending on the state) from an insurance company that your coverage is going to be cancelled. In most cases, the reason for cancellation is due to a specific circumstance such as non-payment, misrepresentation or change in risk.