We are excited to bring back our Mike’s Moments videos! The insurance industry has gone through a variety of changes over the last few years causing rates to increase, carriers to be more restrictive, and even non-renewal letters being sent out. We want to keep you up to date with the evolving changes and provide solutions to best protect your current assets and future income.
In this Mike’s Moment, we discuss the issuance of non-renewal letters. With the increased frequency and severity of claims, inflation, and pressure from reinsurers, carriers have taken corrective actions causing them to be more restrictive on several items. Typical items we see addressed in a non-renewal letter are the condition and age of roofs, debris and other attractive nuisances on the property, even where a home is located.
If you receive a non-renewal letter from your carrier, please reach out to us. We can review and assist by helping you formulate a strategy to obtain a replacement policy. As an independent agent we have a variety of carriers to choose from. We have both national and regional carriers. This allows us to find a carrier that best fits your needs.