According to Policygenius, failing inspection and filing one or multiple claims were both cited by 22% of young homeowners as reasons for having their policies cancelled or not renewed. (Credit: Vitalii Vodolazskyi/Adobe Stock) According to Policygenius, failing inspection and filing one or multiple claims were both cited by 22% of young homeowners as reasons for having their policies cancelled or not renewed. (Credit: Vitalii Vodolazskyi/Adobe Stock)

From January 2021-January 2024, 16% of homeowners had their property coverage canceled or non-renewed, according to Policygenius, which found homeowners aged 18-34 were 10 times more likely to be dropped by a carrier.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]