Facing problems with your insurance provider can seem complicated. You may want to maintain coverage, but there are times when you cannot stay with the same company. Understanding how to change insurance provider in Colorado can help you avoid unnecessary hassles and feel satisfied with the plan that you have purchased.
Consider Your Reasons
Although you can make changes to your plan or cancel your policy at any time, there may also be penalties if you stop your coverage in the middle of the term. Generally, your plan is issued for six months to one year before you renew the policy. There may be exceptions, so you should always look at the policy for the exact term before it is renewed.
If you are canceling in the middle of an insured period, then you should always identify the reasons so that you can avoid facing the same challenges with another insurer.
Find a new plan by comparing a variety of options. You can work with an agent to narrow down the choices and find a policy that is appropriate for your needs. Make sure you inform your agent about the problems with the current provider to avoid the same challenges.
Cancel the Policy
After you have set up a new policy and you have a start date, cancel the old plan by contacting the insurer and requesting a cancelation. You may or may not receive a refund, depending on the timing and any cancelation fees that may be added.
It is not necessarily hard to change your insurance provider in Colorado, but you should always plan in advance and obtain a new policy before you cancel the old plan to avoid any complications. To learn more, contact us to talk to an agent today.