Many homeowners are finding their insurance company has chosen not to renew their policy. There are a number of reasons for this, but the homeowner’s main concern at this time is finding new Home Insurance in Murrieta CA. What can be done at this time and what options does a homeowner have? The California Department of Insurance offers the following tips for individuals in need of a new policy.
Contact the Current Insurer
The first step to take is to contact the current insurer and discuss the reason for their refusal to renew the policy. There may be steps a homeowner can take to reduce their level of risk and retain the current coverage. Although this is not always the case, it never hurts to ask.
Start a New Search Immediately
Don’t want until the last minute to find a new carrier. People often put this step off in the hopes the current insurer will reverse their decision. While this may be the case, it’s always best to be proactive and have another policy lined up if the current carrier doesn’t change their decision.
Speak to Multiple Companies
One thing a person may do at this time is to contact each insurance carrier individually. While this is one way to go about obtaining new coverage, many people find it helpful to speak to an agent that represents multiple carriers. Be sure that a wide range of carriers are represented by these agents, however, to make certain no insurance company is overlooked during the search process.
File a Complaint
When a policyholder feels he or she is being unfairly targeted, a complaint may be filed with the Department of Insurance. Although this agency cannot tell an insurance company who it must cover, the carriers are bound by certain obligations. For example, a carrier cannot be biased when making a decision on the renewal of a policy. It must be based on the risk associated with the policy.
Barranca Insurance Services Inc. is one company every property owner should consider in the search for new Home Insurance in Murrieta CA. Contact the agency today to learn how they can be of assistance with this search. Individuals who do so find they are able to obtain new coverage in less time and with less hassle when working with this provider. You can also connect them on Facebook.