Cancelled or refused insurance Fresh Start Insurance Solutions
Have you been cancelled or refused by your insurer ?
Covalen offers you high-risk insurance solutions in Quebec. Finding coverage after an insurance denial can be difficult, but we're here to help.
We understand that facing an insurance cancellation or refusal can be stressful and discouraging. We're here to offer you a nonjudgmental approach and alternative insurance solutions specially designed for complex cases.
Our expertise in this field enables us to help you regain adequate protection, whatever difficulties you encounter. Let us guide you towards a new insurance opportunity that will allow you to turn the page and regain your peace of mind.
Situations that can lead to insurance cancellation, termination or refusal
Several situations can lead an insurer to cancel, terminate or refuse insurance coverage :
For automobile insurance only
Example : Installation of a non-compliant wood-burning stove
Consequences of cancelled or refused insurance
Having your insurance cancelled or refused can have several consequences :
- Difficulty finding a new insurer
- Significant increase in insurance premiums
- Obligation to take out more expensive high-risk insurance
- Inability to drive legally (for car insurance)
- Difficulty obtaining a mortgage (for home insurance)
- Negative impact on your credit rating
- Stress and anxiety are linked to a lack of financial protection.
At Covalen, we specialize in insurance solutions for complex situations.
Contact us to discuss your options and find the coverage right for you, even after an insurance cancellation or refusal.
Tips to avoid cancellation of your insurance
Pay your premiums on time
Non-payment of premiums is one of the leading causes of insurance cancellation. Make sure you pay your premiums on or before the due date.
Actions to take : Set up automatic payments or reminders for your due dates.
Be honest in your declarations.
Even unintentional misrepresentation can result in cancellation. Always be honest and accurate when taking out or renewing your policy.
Actions to take : Carefully reread all your declarations before submitting them. If in doubt, ask your insurer for clarification.
Inform your insurer of any changes.
Significant changes in your situation (moving, major renovations, new driver) can affect your coverage. Inform your insurer promptly of any significant changes.
Actions to take : Review your situation and needs with your insurer annually.
Avoid frequent claims
Frequent claims can prompt your insurer to cancel your policy. Use your insurance for major claims and handle minor incidents yourself.
Actions to take : Consider increasing your deductible to reduce your premiums and limit small claims.
Maintain a good credit rating
A poor credit rating can negatively impact your risk profile. Maintain good financial health to avoid problems with your insurance.
Actions : Pay your bills on time and monitor your credit report regularly.
Myths and facts about cancelled or refused insurance
Myth
If your insurance has been cancelled, you'll never be able to get insurance coverage again.
Reality
Although termination can make it challenging to find new insurance, it is entirely possible to obtain coverage. Specialized brokers like Covalen can help you find options that suit your situation.
Myth
After a cancellation or refusal, insurance premiums will always be extremely high.
Reality
Although premiums may be higher, they are not necessarily exorbitant. Rates depend on many factors, and with time and good management of your file, your premiums can come down.
Myth
An insurance cancellation will stay on your file forever and affect all your future insurance applications.
Reality
Although a cancellation may remain in your file for several years (usually 3 to 7 years), its impact diminishes over time. Maintaining a good insurance history afterwards can significantly enhance your profile.
Myth
All insurance companies have full access to your insurance history, including cancellations and refusals.
Reality
While insurers have access to some shared information, they don't necessarily have complete access to your entire history. In addition, data protection regulations restrict the use of this information.
Myth
No insurance company will want to cover you if you've declared bankruptcy.
Reality
While bankruptcy can make it difficult to get insurance, it doesn't make it impossible. Some insurers specialize in complex cases and can offer options tailored to your financial situation.
Why choose Covalen after an insurance cancellation or refusal ?
- Specialized expertise in insurance for high-risk cases and complex situations
- Partnerships with insurers who specialize in cancellations and refusals
- Solutions tailored to the reasons for your termination or refusal
- Flexible coverage options tailored to your current risk profile
- Empathetic customer service and support to improve your insurance profile
Our expertise in complex insurance situations
Have you been terminated for multiple claims ? Our team negotiates new cover, even after a complex history.
Have you been refused insurance due to an oversight or financial difficulties ? We have solutions to restore your coverage quickly and efficiently.
Have you been terminated for misrepresentation ? We can help you clarify your situation and find new insurance options.
Are you considered a high-risk driver ? Our network of specialist insurers can offer you suitable options.
Has your homeowner's insurance been cancelled ? We have the expertise to protect your property, whatever your situation.
Get a quote after cancellation or refusal
- Confidential assessment : Contact Covalen for an in-depth, confidential evaluation of your situation.
- Detailed explanation : Explain the circumstances of your termination or refusal to one of our insurance experts. We listen without judgment.
- Customized options : Receive coverage options tailored to your current profile and specific needs.
- Expert advice : Get practical tips on rebuilding your insurability over the long term.
- Informed choice : Choose the solution that best meets your immediate needs while preparing for a more stable, insured future.
Maintain a claims-free record, improve your credit rating, take steps to reduce risk, and consider prevention courses if applicable.
Mainly the insurance concerned, but it can affect other types of insurance too.
You can try, especially if you think the decision was unjustified, but insurers generally have the right to refuse or cancel in some instances.
Demonstrate measures taken to reduce future risks, consider a higher deductible, and be prepared to pay higher premiums initially.
Depending on your situation, you can consider options such as last-resort insurance or government insurance programs.
Some insurers specialize in high-risk cases, including those with a history of refusal or termination.
Generally speaking, it can affect your file for 3 to 5 years, or even longer, depending on the insurer.
Your premiums will probably be higher, as you'll be considered a high-risk customer.
Yes, it's crucial to be honest. Failure to disclose this information could invalidate your new policy.
You can, but you'll probably have to go through insurers specializing in high-risk policies.
Talk to an expert today
Call us today for a free assessment of your insurance needs and find out how we can give you the peace of mind you deserve. We're here to help.
Fill out our online form.
For a fast, free assessment of your insurance needs, please take a few moments to complete our form. One of our experts will then contact you to discuss the best protection for your situation.