Dover, DE – Delaware homeowners are among the most protected in the nation against having their homeowners insurance non-renewed or rates raised due to filing or even inquiring about a claim. This is according to a recent study by the Rutgers Center for Risk and Responsibility at Rutgers Law School, which ranks Delaware as the fifth out of ten states that have received a four or five star rating, out of five stars.
“Consumer protection is my administration’s top priority,” said Delaware Insurance Commissioner, Trinidad Navarro. “While I am happy that we are ranked 5th in the nation in consumer protection for homeowners insurance, I will not be satisfied until Delaware is first.”
In cooperation with United Policyholders, the Rutgers report examines the practice of “use it and lose it” by insurers throughout the United States. Under “use it and lose it,” insurers raise rates or decline to renew homeowners insurance policies when an insured has filed a claim, or even if they simply inquire as to a possible loss. Additionally, insurers who operate this policy raise rates or do not renew policies even if they do not have to pay anything out on a claim.
“Homeowners work hard to be able to purchase and pay into their insurance to safeguard their families and assets. Consumers should not be penalized for using their purchased product,” said Navarro. “This study confirms that Delaware’s laws are among the best protections on the books in the nation, affording homeowners with maximum protection against unfair insurance practices and penalties.”
For more information on homeowners insurance, please visit www.insurance.delaware.gov, and click on the link for the Consumer Services & Investigations Division. If consumers are experiencing difficulties with their homeowners’ insurance policies and/or companies, the Department of Insurance encourages them to contact the Consumer Services & Investigation Division, please call (302) 674-7310, or email firstname.lastname@example.org.
To view the study, please follow this link: https://epp.law.rutgers.edu/node/28#overlay-context=node/29.
Under 18 Del. C. § 4130 (a) (1), an insurer may not refuse to renew a policy of homeowners insurance solely on the basis of:
Under 18 Del. C. § 4130 (a) (2), however, an insurer may non-renew a homeowner’s policy if:
Contact: Vince Ryan
Office: (302) 674-7303
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