What is Going on with Electric Insurance Company?

If you are a policyholder with Electric Insurance Company (EIC), you may be scrambling. As of January 1, 2024, EIC is nonrenewing their policies. EIC has been sold and intends to no long offer auto, home, boat, or personal umbrella insurance. That’s left people wondering, what is going on with Electric Insurance Company? More importantly, what’s next for these policyholders?

Insurance Companies Must Give Notice

Whether an insurance carrier is closing their doors or nonrenewing a client for underwriting reasons, they are legally required to notify the insured at least 30 days before the policy expiration date. Notification must take place via certified mail, not just email. Each state’s regulatory requirements vary. Presently, policyholders with Electric Insurance Company are being notified about this, and it has left them wondering what they will do for insurance coverage in 2024.

What To Do If You’re Nonrenewing

Don’t wait until your policy expiration date to take action- be proactive! First, track down your most current declarations page so you can show it to other local agencies. Your state’s Department of Insurance website can help you locate local insurance agencies to secure coverage. We recommend the independent channel for reasons we describe here. Furthermore, Cincinnatus Insurance can get you a quote quickly from our experienced team of advisors if you live in Ohio, Kentucky, Indiana, or Missouri. Click here to get started.

It’s important to take action when a major change happens with your insurance. Qualified advisors at Cincinnatus Insurance are ready to assist!

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Request Your Proposal Here

Are you ready to save time, aggravation, and money? The team at Cincinnatus Insurance LLC is here and ready to make the process as painless as possible. We look forward to meeting you!

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