BATON ROUGE, La. (BRPROUD) — State Insurance Commissioner Jim Donelon says Louisiana Citizens will provide an additional 60 days after cancellation for insurance agents to place Weston Property & Casualty Insurance Company policies with Citizens.
“I urge Louisiana policyholders who have residential insurance policies with Weston to contact an agent and begin shopping for a new policy in the private market or, if necessary, with Citizens,” said Commissioner Donelon. “UPC policyholders should open any correspondence from their mortgage company in case it contains a notice of force-placed coverage, in which case they should contact their agent immediately or call the LDI at 800-259-5300.”
A total of 10,300 Weston Property Louisiana policies will be canceled on Sept. 7 after it was placed into liquidation by a court in Florida on Aug. 8, according to the Louisiana Department of Insurance (LDI).
Meanwhile, LDI said United Property & Casualty Insurance Company (UPC) policyholders with mortgage-paid policies may by notified that they will need to find a new insurer or be force-placed by their mortgage company. The agency said the 60-day extension begins on the force-placed coverage notice date.