What is it called when an insurance company discontinues an insured's property coverage after expiration?

The term used when an insurance company discontinues an insured's property coverage after expiration is known as nonrenewal. Nonrenewal occurs when the insurer decides not to renew the policy for another term, which can happen for various reasons, such as changes in risk, poor claims history, or changes in underwriting criteria.

It is distinct from cancellation, which refers to the termination of a policy before its expiration date. Expiration simply indicates that the policy has reached the end of its term, while noncontinuation is not a recognized term in property insurance terminology. Nonrenewal is significant in understanding how insurance contracts operate and the rights of both insurers and insureds regarding policy continuation.