I would. You have nothing to lose, honestly. If they raise the rates (a lot) it’s because they payout so much.  They call them CAT losses (catastrophe) and really if you are or will be down and out, I would think it’s worth having that to back you. (If heavy enough $$, business risk and all)  That said, you can put them on notice and after tallying the $$ decide to close without payment. Those typically don’t penalize you.