My house burned now what?

[Stewart Morrison]

I was house hacking a 2/1 SFH in Georgia. The house burned and was a total loss (right after a full reno).

Which leads to two questions.

One when can/should I cancel home owner insurance? It paid out the policy limit. So the policy is basically spent right? I haven't ask my agent yet I wanted an unbiased opinion.

I know to keep liability until I do something with the property.

Second the house would take about the same as It will be worth to rebuild. So I'm unsure if I should just buy a like property and save the headache then sell the burned property and walk away. I have already cannibalized the property and used the hot water heater, stove etc in other rentals. 

Thanks in advance for your thoughts.

Stew and Nanc