FAQ: Why Did My Insurance Company Not Renew My Homeowner’s Insurance Policy?

Here is an excerpt from a new blog post at GreggMarcus.com:

An insurance company can cancel or choose not to renew your homeowner’s insurance policy for many different reasons. In some circumstances, it is completely preventable by the homeowner. However, in many other situations, it is completely out of the hands of the homeowner. This is a major issue because having a homeowner’s insurance policy on your home is a non-negotiable with the bank when financing your home. In this post, Gregg S. Marcus, a Long Island Insurance Executive, explains why an insurance company may choose to not renew a policy.

Preventable reasons that a homeowner’s insurance policy may be canceled or not renewed include:

• Non-payment of insurance premiums
• Giving incorrect information or non-disclosure of important information about the home to the company
• Failing to act in accordance with safety guidelines (i.e. not removing things like pools and trampolines).

To read this post in it's entirety, click here to visit the Gregg Marcus official website.

HOW TO: Write a Demand Letter & Settle Your Car Insurance Claim

Here is an excerpt from a new blog post at GreggMarcus.com:

If you’ve been waiting to settle a car accident claim and are confident about how much you think your claim is worth, you can preempt the adjuster’s settlement offer with your own settlement proposal, also known as a demand letter. This letter would outline fault (if this is an issue in your claim), damages and ask for a specific dollar amount to settle your claim. In this post, Gregg S. Marcus, a Long Island Insurance Executive, explains the most important elements to include in a convincing demand letter:

YOUR SIDE OF THE INCIDENT:
Write a concise account of the accident. Make sure to refer to any notes you have, police reports, witness reports, relevant laws or other records. Keep it short and simple and stick to the facts.

To read this post in it's entirety, click here to visit the Gregg Marcus official website.