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Non-Renewal or Cancellations of Commercial Insurance Policies in Puerto Rico after Hurricane Maria

JULITZA PEREZ | May 22, 2019 | Sponsored | 137 views

Many Policyholders in Puerto Rico are concerned about the notifications of non-renewal or cancellations they received after Hurricane Maria claims. This is a matter that affects both residential and commercial Policyholders. The process of obtaining insurance coverage from a different insurance company can be even more difficult when repairs related to a prior claim have not been completed. Due to the severe impact and number of hurricane insurance claims after Hurricane Maria, many local insurance companies have increased the cost of insurance premiums for commercial properties and have also decided not to renew many of their policies. Under the new and amended Puerto Rico Insurance Code, policyholders - especially commercial policyholders - can now search for additional options when local insurance companies deny renewals.

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