Inspect your lease agreement. Many landlords require tenants to keep a renters policy. If you cancel your renters policy, you may be breaking the terms of the lease.
Read your renters insurance policy. Your policy will detail the specific steps that must be taken to cancel a renters policy. You may need to provide a certain number of days' notice. In most cases, the insurance company will require a written notice that you wish to cancel coverage.
Secure other coverage. If you wish to continue renters coverage, ensure that you do not have a lapse in coverage. You must ensure that you put a new insurance policy--either a renters or homeowners insurance policy--in place before you cancel the old coverage.
Obtain the mailing address or fax number for your insurance company. This should be indicated on your monthly statement or detailed in your policy.
Write a letter to your insurance company stating you want to cancel coverage. Include the effective date you want your coverage to cease, your account number, name and address. Some companies also will allow you to cancel over the Internet. You may be able to cancel your coverage by visiting your insurance company's website and logging in using your account name and password.