This is becomming SOP here in NJ! Prefered Mutual cancelled our Business Owners Policy two months after 9-11. We never, ever filed a claim. I guess owning a retail business in "rural" Sussex County, NJ is too much of a risk.
That's strange because I didn't think that acts of war were covered to begin with.
Is New Jersey a "risk", or is it just that the government their has made it so hard to sell insurance for what it costs that it's not worth it?
There's a reason Allstate pulled out instead of just raising their rates. Usually it's because a state has ruled that all people in their state must get the same rates, and the company can't get people who live in areas NOT at risk to pay enough extra to cover the cost for those who live on the shore where there is a lot of extra risk.
I wonder if that's what happened in New Jersey.