‘Use It and Lose It’ Homeowners Coverage

Do you ever get blowback from clients about their homeowners rates skyrocketing or their policies are not renewed not long after they file a claim? A new report from Rutgers Law School examines which states are best and worst when it comes to protecting consumers from these so-called “Use It and Lose It” penalties.

Rhode Island and Texas are best about protecting consumers, the report says, while 18 states have no explicit protection against “Use It and Lose It.” Complete state ratings can be found at the link below.

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Source of insurance-forums.net

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