Which of the following could lead to a homeowner's insurance cancellation?

The reason non-payment of premiums or misrepresentation can lead to the cancellation of a homeowner's insurance policy is that insurers rely on consistent premium payments to maintain coverage. When a homeowner fails to pay their premiums, the insurance company may view this as a significant violation of the policy terms, resulting in cancellation as they will not continue to cover a risk without receiving the necessary payments. Additionally, if a homeowner provides false information when applying for insurance or during the claims process, this can be considered misrepresentation. Such actions can undermine the insurer's ability to assess risk accurately and fulfill their underwriting guidelines, prompting them to cancel the policy.

Consistently paying premiums on time demonstrates a commitment to maintaining the insurance policy, which positively reinforces the insurance relationship. Major renovations may affect the policy but do not inherently lead to cancellation unless they introduce significant additional risk without notifying the insurer. Renting out the property without notification is also a concern for insurers since it can change the risk profile, but non-payment or misrepresentation directly breaches the agreement essential to maintaining the insurance contract.