If you were unable to get insurance due to your credit history, you will need to either improve your credit rating, or find an insurer that does not use credit as an underwriting criteria. Not all insurers use credit as a reason to reject applicants.
If you came to the FAIR Plan because of too many claims, you will need to remain claims free for a few years before a private company will accept you.Accepting a higher deductible amount will sometimes help in this area.
If you came to the FAIR Plan due to the condition of your property, you will need to improve the condition of your property before you will be acceptable to a private company.
Review the Non-renewal or Cancellation Notice that you received from your previous insurance company.If you cannot tell why you were cancelled, ask your Agent to explain, or contact the company directly for an explanation.You have a right to know why you do not qualify for private company insurance.
Once you have a clear understanding of the reason for your non-renewal, cancellation or rejection as a new customer, you will be able to take steps to correct the situation. If you continue to have questions about the reason you were cancelled or non-renewed, please call the MN Department of Commerce Consumer Response Team at 651-296-2488 or 1-800-657-3602 for further assistance.
If you have questions about how to return to the private market, call us here at 612-338-7584 or 1-800-524-1640. It will be our pleasure to provide information, advice, and any other assistance needed to help you return to the private market.
If you are successful in finding coverage in the private market, we will refund your entire unearned premium as of the date that you cancel your FAIR Plan coverage.We do not penalize our insureds for mid-term cancellation. For this reason, do not wait for your FAIR Plan renewal date before buying a policy from a private insurer.
All requests for cancellation must be in writing, and signed by the insured or the insured's agent. Cancellation requests must include the policy number, policyholder name, insured location, and effective date.
Cancellations effective more than 30 days in the past must include documentation showing the date the insured's interest in the property ended, or the date that a replacement policy was put in force. A copy of the new declaration page will be sufficient documentation for a cancellation requested as a result of finding coverage with another insurer.