What to Do if Your Policy is Cancelled or Non-renewed

If you’re a company owner, you must buy commercial insurance. Our team at Ledford Insurance Agency can help you discover which types of policies your business needs. If your business is near Midland, TX, we encourage you to visit us to explore your insurance options. We’ve been working with clients like you for over 35 years. 

What to Do if Your Policy is Cancelled or Non-renewed

When you purchase commercial insurance, it’s your responsibility to keep all your policies active. However, you may receive a notification that your commercial insurance has been cancelled or will not be renewed. According to the Texas Department of Insurance, a cancellation means your policy ends on the cancellation date.  A non-renewal means that your agency will end coverage on the end date of your current policy term.

According to Insure on the Spot, a non-renewal can occur because of consistent non-payment of your premiums, or an excess number of claims. According to the Texas Department of Insurance, a cancellation may occur due if some of the policy information you provided was not correct, or when the agency feels your level of corporate risk is no longer acceptable to your agency. If you receive notice of either of those actions, contact your insurance agent to see if you can correct any of the agency’s reasons for ending coverage. If you are unable to continue coverage with that agent, look for new coverage, right away. 

Contact Us Today for Your Appointment 

Any company can have accidents, weather events, or be sued for liability. Our team at Ledford Insurance Agency can help you prepare for any problems or unexpected events. Businesses in the Midland, TX area have learned we provide excellent client support. Give us a call for your appointment today.