Insurance consumer advocate emphasizes supporting consumers over selling, co-founded United Policyholders to educate consumers.
Rising Insurance Costs and Cancellations
In today's world, insurance costs are on the rise due to factors such as technology, credit scores, and aerial imagery revealing risks. As consumers face potential policy cancellations, it's essential to be informed and proactive.
Steps to Take if Dropped
If you find yourself dropped by your insurer, the first step is to contact them for the reasons behind the decision and request proof. Next, shop around for a new policy to ensure you are adequately covered. Finding an agent who can provide multiple options tailored to your needs is crucial.
Insuring for Rebuilding and Code Upgrades
When obtaining a new policy, ensure that you are covered for the full cost of rebuilding your property. Additionally, consider code upgrade coverage to protect against unexpected expenses. It's also advisable to avoid making small claims that could increase your premiums.
Maintaining Defensible Space and Home Inventory
To minimize risks, maintain defensible space around your property to reduce the likelihood of damage from wildfires and other disasters. Keeping a detailed home inventory can expedite the claims process in case of loss.
California Regulations and Support Services
In California, regulations require insurers to provide a 75-day notice of non-renewal, giving consumers time to find alternative coverage. Organizations like United Policyholders offer support services and resources to help consumers navigate the insurance landscape. By following these steps and staying informed, consumers can better protect themselves and their assets in the face of evolving insurance challenges.