Yacht insurance
You must have told them your company wouldn't reinsure you... Otherwise they
would have held the lower rate because your old company wasn't licensed to
carry your policy in the new location.
That isn't a refusal, that is simply that they can't legally do it.
"Vito" wrote in message
...
wrote
.... if one company boots you, you may
find it difficult or impossible to find insurance elsewhere.
Tell me about it! When I moved from the hi-rate LA area to VA my auto
insurer informed me that they couldn't renew my policy because they were
not
licensed to sell insurance in VA. So I started calling local agents, only
to
find that I'd have to pay 10X what I had been paying for full coverage and
that only provided minimum liability! Why? Because my current ensurer had
refused to reinsure me! I finally found reasonable rates at a national
company (Geico), but that's the exception. The rest were like sharks in a
feeding frenze - "Wow, a safe driver we can stick it to!"
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