if they raised your rates, they still have time to make money off you before they drop you. Long term customer cost the company money in this industry. It's kinda like a car that breaks down right after the warranty ends. They know the longer you go without a claim the more likely you are to have a claim. So it's the companies best interest to keep you until that point, as long as you're paying. And you have to buy it (it's illegal to have a mortgage in this country without insurance, to protect the banks collateral. It's not to "protect your home.")