So far 2019 has been a very challenging year for many homeowners throughout the state of California. Insurance carriers have been non-renewing policyholders due to the fires over the past two years. It has become increasingly difficult to place coverage at an affordable price.
Stanley M. Davis & Company Insurance Brokers insurance brokers has relationships with many of California’s top insurance companies since we are a broker and not a captive agent like Farmers, State Farm, or Allstate.
Yesterday we were able to help one of these non-renewed policyholders place coverage for not only their homeowners insurance but also for their auto insurance and umbrella insurance as well. The insurance company we found for them offered a package discount for placing coverage for more than one policy, and our new client was very happy to save money and have better coverage than what was previously purchased through the captive agent.
Many homeowners are concerned about the availability of insurance in California. While we can assure you that placing insurance coverage has gotten more difficult, there are options available but it just takes extra effort to match your needs with the available carriers.
We have seen these types of markets in the past and they tend to be relatively short-lived. One or two good fire seasons will completely change the marketplace, and carriers will again be open for business and writing policies.
When you place your insurance through a broker instead of a direct captive agent, your broker has the ability to find new carriers and better coverage at a more affordable price when the market opens up. But if you are with a captive agent, that agent has no other policy to sell you.
So do yourself a favor and contact a broker like Stanley M. Davis & Company Insurance Brokers. We will help you to secure the best available coverage now, and when the market opens up, we will be able to help you find even better coverage at a more affordable price –not like a captive agent that can only sell you one policy that’s offered by the company he or she represents.
