As the home insurance market continues to tighten in New Jersey, new business submissions at Swyfft are up. Way up. And while we love growth, we must do it responsibly, meaning rates must be adequate, risk exposure balanced and capacity closely managed. All of this is possible and we are fast at work exploring new program options that will allow us to achieve this type of growth.
In the meantime, we must take these measures for our NJ Homeowners Program effective today:
- Suspend quoting and binding of new business in New Jersey
- Existing home quotes will be honored through June 14, unless set to expire before that date.
- Existing home policies will continue to renew per current guidelines.
- Our Commercial Program will not be impacted. Changes apply only to Homeowners.
We will send updates as we develop new alternatives and solutions. If you have any questions, please contact your marketing rep directly.