At the very core insurance is meant to protect you from the unexpected. Sometimes the unexpected events can add up and even the best insurance clients can end up with multiple claims over a short period of time. In today’s insurance market many customers are finding themselves in the position of being cancelled from their current homeowners companies for 1 or more losses in the previous 5-years. Often, these are customers that have been with the same company for a decade or more and may have gone without claims for years. If you find yourselve in this situation rest assured that you do have options to get your insurance back on track.
- Shop Around with an Independent Insurance Agent
An independent insurance agent represents several homeowners insurance companies. By offering a broad array of companies with different criteria an independent agent can match each client with the best company available. Companies all have different underwriting requirements. Some companies will not consider new policies with any prior claims and others may be willing to write new policies with multiple claims. Companies may classify losses diferently. Many companies will not count wind related claims, such as a blown down fence.
- Make your Case
If you are facing cancellation of your home insurance for previous claims, don’t give up. Making your case to your current carrier or a new provider can make the difference. What have you done to mitigate the potential for future losses? If you had a loss because of a burglary and installed a central alarm system to prevent future losses companies are interested in hearing that. Your proactive response to protect your home against future losses can make a difference. A few examples would be:
- Water Damage Caused by Ruptured Water Pipe – Updating or Replacing Plumbing
- Damage Caused By Leak in Roof – Roof Replaced
- Loss Due to Wind Damaged Wood Fence – Mitigated by replacing fence with a cement block wall
- Consider a Higher Deductible Option
A higher deductible option on your insurance can help a company consider writing your insurance with past losses. Especially if you have had losses in the smaller range. Many customers are finding that they can save a considerable amount of money and also prevent future small losses by chosing a higher deductible option such as $1500, $2,500 or even $5,000.
- Crosby and Crosby Can Help
If you are confused on which way to proceed and are facing a cancellation notice because of claims we can help. We represent 11 of the best homeowners companies and have many great options to choose from. Our consultive approach and comparative rating can compare many different companies and coverage options in one easy step. Give us a call today, 661-327-5531, send us an email at email@example.com or complete a live comparative quote below.