Nonrenewal Notices in Texas: What You Should Do Next 

Insurance policies are essential for protecting your assets, but sometimes, insurers may decide not to renew your policy by issuing nonrenewal notices. These situations can be stressful and complicated, as you may need to address an unexpected coverage gap quickly. At Xpress Insurance, our dedicated team is standing by to help guide you through these difficult times and ensure you can manage the situation efficiently and effectively.

How Do Nonrenewal Notices Work in Texas?

A nonrenewal notice in Texas means your insurance company has decided not to renew your policy after its term ends. This decision can be based on various factors, such as changes in risk, multiple claims or the insurer’s business strategy. According to Texas law, insurers must provide written notice of nonrenewal at least 60 days before the policy’s expiration date. This notice must include the reason for nonrenewal, allowing policyholders to understand the basis of the decision.

The Texas Department of Insurance (TDI) mandates that insurers explain the specific reasons for nonrenewal, which could range from the condition of the insured property to the frequency of claims filed. If you have questions about the nonrenewal, you can request a detailed explanation from your insurer.

What Should I Do After Receiving a Nonrenewal Notice?

Receiving a nonrenewal notice can be unsettling, but there are steps you can take to ensure continuous coverage. First, review the notice carefully to understand the reason for nonrenewal. If the reason is unclear or you believe it to be unjustified, contact your insurer for clarification.

Next, start shopping for a new insurance policy immediately. Compare quotes from different insurers to find the best coverage for your needs. You can use resources like the TDI’s HelpInsure.com to get sample rates and find reputable insurers. Additionally, ask friends or family for recommendations.

If you face difficulties finding a new policy, consider the Texas FAIR Plan Association, which provides coverage for high-risk properties. Finally, if you believe the nonrenewal was unfair, you can file a complaint with the TDI for further investigation.

We’re Here for You

Contact Xpress Insurance in San Antonio, Texas, today to learn more about handling nonrenewal notices and ensure you maintain essential coverage.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.