From the notice it appears that the insured changed occupations. This is known as in the industry as a "substantial change in risk" and may be non renewed if the profession falls outside of company underwriting guidelines. A similar non renewal may have been issued is the occupation changed to another high risk profession such as a surgeon.
The occupation IS the risk.
The occupation doesn't have to change for the risk to change.
Reading some of these comments is frustrating. I can see my clients complaining "why did my rates go up? I didn't have a claim?!" When claim history is one of 100 variables were using to factor their rate. If something beyond the policyholders control changes is risk, like drought, crime, automotive collisions, that can impact your eligibility or rate even if you specifically didn't do anything different.
From the notice it appears that the insured changed occupations. This is known as in the industry as a "substantial change in risk" and may be non renewed if the profession falls outside of company underwriting guidelines. A similar non renewal may have been issued is the occupation changed to another high risk profession such as a surgeon.
The occupation IS the risk. The occupation doesn't have to change for the risk to change. Reading some of these comments is frustrating. I can see my clients complaining "why did my rates go up? I didn't have a claim?!" When claim history is one of 100 variables were using to factor their rate. If something beyond the policyholders control changes is risk, like drought, crime, automotive collisions, that can impact your eligibility or rate even if you specifically didn't do anything different.
I wasn't trying to disagree with you. I was reinforcing what you were saying and adding more info for others.
ah, missed that, thank you
Anytime fellow pede! Keep being awesome!