Renewal is often simpler
FSRA notes that mid-term cancellation can involve a penalty.
Get the replacement policy confirmed first
Avoid cancelling before the new coverage is effective.
Provide accurate prior-insurance information
Applications must be truthful and complete.
Keep cancellation confirmation
Written records reduce confusion over dates and final payments.
Ontario-specific educational summary. Your actual rights and coverage come from the Insurance Act, regulations, the current Ontario Automobile Policy (OAP 1), your certificate, endorsements and the facts of the claim. Do not change coverage based only on a general web article.