News Summary
Homeowners in Downstate New York can breathe easier as Kingstone Companies, Inc. announces a partnership with AmGUARD Insurance Company to provide replacement homeowners insurance policies. Following AmGUARD’s exit from the admitted personal lines business, Kingstone aims to offer seamless transition options for affected policyholders, with coverage expected to be available in the third quarter of 2025. This strategic move positions Kingstone as a leading provider in the homeowners insurance market, catering to the diverse needs of homeowners in the region.
Exciting News for Homeowners in Downstate New York!
Residents of Downstate New York have something to cheer about! Kingstone Companies, Inc. recently announced a vibrant partnership that’s set to shake things up in the homeowners insurance market. As of April 14, 2025, Kingstone will be stepping in to offer a much-needed replacement policy for homeowners, following a significant shift by AmGUARD Insurance Company.
What Does This Mean for You?
For homeowners affected by AmGUARD’s decision to move away from admitted personal lines business, Kingstone Insurance Company is ready to lend a helping hand. With an impressive track record, being the 12th largest writer of homeowners insurance in New York in 2024, Kingstone is well-equipped to tackle the challenge. This shift is expected to involve approximately $70 million in written premiums, so there’s a lot at stake!
A Smooth Transition is Key
The partnership aims to ensure that the transition for policyholders and brokers is as seamless as possible. Kingstone is already collaborating closely with AmGUARD to streamline the entire process. For eligible policyholders, getting quotes for replacement coverage will be a breeze, and they can expect these options to become available starting in the third quarter of 2025. It’s certainly great news for homeowners who might have been feeling a bit lost amidst the changes!
What’s Driving This Change?
So, why the pivot? Well, AmGUARD is setting its sights on becoming a leading insurer for small businesses, thus deciding to discontinue its admitted homeowners policies across the nation. This strategic decision opens the door for Kingstone to enhance its presence and market share in the homeowners insurance sector and offer alternatives to those who have been affected.
Your Peace of Mind is Important
Kingstone’s move is not just about numbers; it’s also about providing peace of mind to homeowners in the region. With a commitment to ensuring that policyholders have robust options for coverage, Kingstone is poised to meet the diverse needs of homeowners effectively. Their expansion plans mean more tailored solutions and potentially greater flexibility in policies.
Where Else Is Kingstone Active?
If you’re based in New York, you might be pleased to know that Kingstone isn’t just limited to Downstate but is also licensed to operate in a range of states including New Jersey, Rhode Island, Massachusetts, Connecticut, Pennsylvania, New Hampshire, and Maine. This broad licensing means they have a wealth of experience and knowledge in the homeowners insurance landscape.
Get Ready for a Bright Future!
As we look ahead, this partnership between Kingstone and AmGUARD is expected to bring about positive change in the homeowners insurance market in Downstate New York. With a focus on customer-centric policies and a smooth transition, the new coverage offers will surely be welcomed by many.
With Kingstone leading the way, homeowners can look forward to a more stable and supportive insurance environment. Stay tuned for more details as this partnership unfolds, and get ready to explore the exciting options that will be made available to you!
Deeper Dive: News & Info About This Topic
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- Access Newswire: Kingstone Insurance Partners with Earnix
- Weatherford Democrat: Kingstone Insurance Partners with Kyber Technologies
- Insurance Business: BrokerLink Opens Branch in Kingston
- Wikipedia: Homeowners Insurance
