Published by MiSure | Expert Insurance Insights
Your insurance policy is there to protect you when life takes an unexpected turn, but what if it’s quietly heading for cancellation without you knowing?
Here are 5 common red flags that could put your cover at risk:
1. Missed Premium Payments
Even one missed debit order can trigger a lapse in cover. Most insurers offer a grace period, but multiple missed payments can lead to automatic cancellation.
2. Outdated Contact Details
If your insurer can’t reach you, you might miss important policy updates or renewal notices, which could result in your policy being cancelled.
3. Non-Disclosure or Incorrect Information
Providing false or incomplete information—even by accident—when taking out a policy can lead to rejected claims or cancellation. Always keep your details honest and up to date.
4. Change in Risk Profile
Major changes like moving house, installing solar, or using your car for business must be reported. If not, your policy may no longer reflect your actual risk and could be cancelled.
5. Lack of Policy Review
If you haven’t reviewed your policy in over a year, it’s time. Your premium, excess, and level of cover may no longer suit your current lifestyle or needs.
Worried your policy might be at risk?
Don’t leave it to chance. Speak to one of our professional MiSure advisors today to make sure your cover is still working for you.
