At Silverline Insurance, our commitment to keeping you informed and supported remains unwavering, especially during significant changes in the insurance landscape. Recently, several key updates have emerged regarding the withdrawal of Personal Lines insurance from several well-known carriers: AmGUARD Insurance Company (Guard Insurance, Personal Lines), Main Street America Insurance Group, Adirondack Insurance, and Mountain Valley Insurance. These companies have all announced their intentions to exit the Personal Lines market, including Homeowners and Personal Umbrella policies.
AmGUARD Insurance Company (Guard Insurance, Personal Lines) Update
Effective July 8, 2024, AmGUARD Insurance Company, also known as Guard Insurance, has begun the process of withdrawing from the Personal Lines marketplace nationwide. This decision impacts all admitted business, including Homeowners and Personal Umbrella policies. AmGUARD will no longer accept new submissions for these policies and will start non-renewing existing policies according to state regulations.
AmGUARD understands the challenges this may create for its clients and strongly encourages the prompt replacement of affected policies to prevent any lapses in coverage. In some states, such as New York and New Jersey, AmGUARD may be required to offer renewal coverage for additional policy terms. However, transitioning to a new policy now is advisable to ensure seamless protection.
Main Street America, Adirondack, and Mountain Valley Insurance Updates
Similarly, Main Street America Insurance Group has notified its agents of their decision to withdraw from the Personal Lines market. This includes the non-renewal of Homeowners policies across 26 states and the withdrawal from the Personal Auto market in select states. Main Street America will phase out its existing policies over the coming years, with a complete exit expected by 2026.
Adirondack Insurance and Mountain Valley Insurance, also part of the broader withdrawal trend, have announced their plans to cease writing new Personal Lines business and gradually non-renew existing policies. These actions are part of a strategic shift by these companies to refocus their efforts on other areas of their insurance offerings.
What This Means for Silverline Insurance Clients
If you hold Homeowners, Personal Umbrella, or Auto policies with AmGUARD (Guard Insurance, Personal Lines), Main Street America, Adirondack, or Mountain Valley through Silverline Insurance, it is crucial to begin exploring new coverage options immediately. Each of these companies has highlighted the importance of securing alternative insurance solutions to avoid any gaps in coverage.
How Silverline Insurance Can Assist
At Silverline Insurance, we are dedicated to providing our clients with the best possible service during these transitions. We are here to help you navigate these changes and ensure that your coverage remains uninterrupted. Our experienced team will work with you to identify suitable replacement policies from our trusted network of insurance carriers, tailored to your unique needs.
Immediate Steps to Take
- Contact Your Silverline Insurance Agent: Reach out to discuss your current policies and explore alternative coverage options. Our agents are ready to help you find the best available solutions to keep you protected.
- Review Your Coverage: Assess your existing insurance needs, including Homeowners, Personal Umbrella, and Auto policies, to ensure comprehensive replacement coverage.
- Secure New Coverage: Silverline Insurance will assist you in transitioning to new policies with reputable carriers, ensuring continuous and effective protection for you and your assets.
Stay Connected with Silverline Insurance
We understand that these changes can be unsettling, but Silverline Insurance is committed to supporting you through this process. We will continue to provide updates and guidance as more information becomes available from AmGUARD (Guard Insurance, Personal Lines), Main Street America, Adirondack, and Mountain Valley.
For any questions or to begin your transition to new coverage, please contact your Silverline Insurance representative today. Our goal is to make this process as seamless as possible while ensuring that your insurance needs are fully met.
Thank you for choosing Silverline Insurance as your trusted partner in protection. We are here to support you every step of the way.
General Recommendation: Silverline Insurance strongly advises all clients impacted by these changes to work closely with their agents to replace any affected policies as soon as possible. Ensuring continuous coverage is our top priority, and we are here to assist you in finding the best options to meet your needs.
