Insurers don’t usually drop a customer for no reason. Claim activity and payment issues may often result in a termination notice but there can be a number of other reasons. If you have other insurance with that company or agent, I might try to appeal that decision. There may be a reasonable explanation for adverse claim experience or money problems. If you can assure the company or agent an unfavorable pattern most likely will not continue, they may reverse their position and continue providing coverage. Assuming larger deductibles or paying premiums up front with a credit card may also work in your favor.
If that doesn’t work, independent agents usually represent more than one other company. They may be able to simply place your coverage with another company but make sure you pay close attention to the questions on a new company’s application. I suggest it is normally a good idea to combine your insurance with one company or agent when possible. That may make you more important to them than if you only have a single policy. Premium leverage can often work to your advantage.
Although I hesitate to use them, a number of insurers claim to “specialize” in replacing cancelled insurance. Often they charge more, may limit the scope of coverage and be more difficult to work with should a claim occur. Proceed with care in this direction.
Many states offer assigned risk pools or similar facilities that accept insurance from residents who are unable to obtain insurance through normal channels. In certain situations these alternatives may be worth considering. I would not consider this alternative a long-term solution. If this becomes your only viable alternative, make an effort to reenter the standard insurance marketplace as soon as you can.
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If that doesn’t work, independent agents usually represent more than one other company. They may be able to simply place your coverage with another company but make sure you pay close attention to the questions on a new company’s application. I suggest it is normally a good idea to combine your insurance with one company or agent when possible. That may make you more important to them than if you only have a single policy. Premium leverage can often work to your advantage.
Although I hesitate to use them, a number of insurers claim to “specialize” in replacing cancelled insurance. Often they charge more, may limit the scope of coverage and be more difficult to work with should a claim occur. Proceed with care in this direction.
Many states offer assigned risk pools or similar facilities that accept insurance from residents who are unable to obtain insurance through normal channels. In certain situations these alternatives may be worth considering. I would not consider this alternative a long-term solution. If this becomes your only viable alternative, make an effort to reenter the standard insurance marketplace as soon as you can.