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re: Louisiana Legislature repeals law blocking homeowner’s insurance cancellations
Posted on 5/1/24 at 4:33 pm to CreoleTigerEsq
Posted on 5/1/24 at 4:33 pm to CreoleTigerEsq
quote:
Don't be surprised if you have an influx of companies start writing policies after hurricane season ends and starts cancelling them right before it begins the following year.
The 3 year rule only protected policyholders AFTER they had been with a company for over 3 years. 3 year rule did absolutely nothing to protect them for the first 3 years.
Posted on 5/1/24 at 4:37 pm to Tiger Prawn
If I am not mistaken the only way they can cancel mid year is either lying on the application or failing to pay premiums.
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