On August 1, 2010 Tower Select Insurance has changed their filings with the Department of Insurance. With the recent change Tower's has implemented a Territorial Rate Filing.
All insured's with Tower Select will be receiving a Notice of Non-Renewal. Please do not be alarmed when you receive this letter. The Department of Insurance requires the Insurance Company to notify its insured's 60 days prior to their renewal date of changes such as the Territorial Rate Filing Tower has elected to go with. This filing could potentially increase rates as much as 25% in some areas prompting Tower to issue these letter.
Anyone currently with Tower WILL be receiving a Renewal Quote. We will also be providing you with competing quotes from our other Health Care Programs.
If you have any questions regarding this topic, please contact me directly, we are finding some brokers are using this to confuse our clients.