If you’ve recently received a letter from your insurance company stating that your home or auto policy won’t be renewed, you’re not alone. Many insurance carriers are pulling out of certain states or tightening their underwriting guidelines, leaving policyholders scrambling to find new coverage.
At Preferred Insurance Agency in La Crosse, WI, we understand how frustrating and uncertain this situation can be. But don’t worry—we’re here to help you navigate your options and find the best solution for your insurance needs.
Why Are Insurance Companies Non-Renewing Policies?
Insurance carriers decide to non-renew policies for several reasons, including:
- Exiting the state – Some companies are choosing to pull out of Wisconsin or reduce their risk exposure in the region.
- High claims volume – If a carrier has paid out more claims than expected, they may limit their coverage offerings.
- Market conditions – Rising repair costs, inflation, and severe weather events are pushing insurers to reevaluate their portfolios.
- Risk factors – If your property or vehicle is deemed high-risk due to location, claims history, or other factors, the carrier may choose not to renew.
What to Do If You Receive a Non-Renewal Notice
If you get a letter stating your insurance policy will not be renewed, don’t panic. Here’s what you should do:
- Read the notice carefully – Understand why your policy is being non-renewed and when your coverage will end.
- Act quickly – Don’t wait until the last minute. You’ll need time to find a new policy before your current coverage expires.
- Contact an independent insurance agent – Preferred Insurance Agency works with multiple carriers, giving us access to a variety of options to fit your needs.
- Compare policies – Rates and coverage vary between providers, so let us help you find the best balance of protection and affordability.
- Avoid a lapse in coverage – Even a short lapse in home or auto insurance can lead to higher premiums in the future.
We Can Help You Find Coverage!
If your insurance carrier is pulling out of Wisconsin or has decided not to renew your policy, Preferred Insurance Agency is ready to assist. As an independent agency, we have access to multiple insurance providers and can shop around to find you the best coverage at a competitive price.
🔹 Auto Insurance – Whether you need standard coverage or a non-standard policy due to past claims, we can help.
🔹 Home Insurance – If your carrier has dropped your homeowners’ policy, we’ll find you reliable protection.
🔹 Umbrella & Specialty Coverage – Need additional liability protection? We can explore the right options for you.
📞 Call us today at 608-881-6566 or click www.preferredlax.com to request a quote! Don’t wait until your coverage expires—let’s find a solution that keeps you protected.