Insurance canceling after tenant fire

[Marina Loos]

Before I go running to my attorney and shelling out more money, I'd like to see if I can get any good feedback or experiences from you guys.

Earlier in the year my tenants burned down my rental property. It was a complete loss and due to their negligence (confirmed by the fire report). Long story short, my insurance company paid out the full claim and are currently in subrogation with the tenants insurance companies. I do have an attorney working with me because the damage exceeded the amount I received from the insurance.

Several months later (about 4 months ago) I renewed my home owners insurance from the same company. While the start was slow, the house is coming along and is expected to be completed in late December (finally)! 

About a month ago I get a notice from my insurance company that they are cancelling the policy due to "substantial change in the exposure of the insured risk: Total fire loss." 

I am so confused about this because (1) They were well aware of the fire several months BEFORE they sent me a renewal, (2) They had already paid me out and (3) They are cancelling a policy through no fault of my own AFTER they requested and accepted my money. I am nearing 5 months into a 1 year policy and it seems backwards to insure me when I had an inhabitable house vs a house that is now almost completed.

Right now I'm running around trying to figure out if I should get the insurance company to come back out to look at the property and extend my policy or get a new policy all together.

Any advice is greatly appreciated especially anyone in the insurance field that can help me better understand this.

Thanks

[Greg Scott]

Been there, done that, feel your pain.  Just get insurance from another company.

BTW, if you haven't already, look at getting a public adjuster.  You will likely get a lot more money out of your (prior) insurance company.