AAA dropped my rental property out of nowhere

Orange County, California
Insurance
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AAA dropped my rental property out of nowhere

Jami Vincent
Rental Property Investor · Laguna Niguel, CA · Member since 2017 · 26 posts · 4 votes

Hi all - I just received a letter in the mail that TripleA dropped my rental property - not sure why as I have had no claims. I need one ASAP - any recommendations for the online versions like Steadily? 

Thanks in advance!

Jami

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  • Bill B.
    Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
    1y

    Happens all the time. Especially with condos and townhomes considered condos. Happened to me in Vegas and MN. They’re either leaving the market, or the property type. Try Allstate. They cover 12 for me. 

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  • Bob Ritner
    Specialist · San Clemente, CA · Member since 2014 · 50 posts · 75 votes
    1y

    In you post it looks like you are wanting to go direct to the insurance carrier on line. I have multiple condo and multi-family rentals in Orange County and finally started going through a broker about 10 years ago. No problems since. If one carrier has an issue, they find another and the rates have been very reasonable.

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  • Jules Aton
    MD/DC · Member since 2024 · 1k+ posts · 1k+ votes
    1y

    Why did they drop you? 

    0Reply
  • Rod HanksBusiness Member
    Insurance Agent · Dallas, TX · Member since 2013 · 743 posts · 462 votes
    1y

    Hi@Jami Vincent

    Many carriers are tightening their underwriting guidelines right now as they work to get back to profitability. One way they’re doing this is by reviewing risk at a very granular level—down to individual ZIP codes—which is designed to reduce capacity in targeted areas. Unfortunately, this sometimes impacts insureds with no claims.

    It isn’t about you personally; carriers are making broad, data-driven decisions across groups. That said, I’d be happy to help you explore alternatives. As independent agents licensed in most states, we can shop multiple carriers.

    Rod Hanks Insurance4.9153 Reviews
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