Recent news of Adirondack Insurance Exchange's impending closure has left many policyholders concerned about their coverage. AAA Insurance is stepping up to offer guidance and solutions for those affected by this and similar situations.

Adirondack Insurance Exchange has announced plans to cease operations in New York State by Jan. 1, 2025. This decision impacts numerous policyholders across the state, leaving many scrambling to find new coverage options.

David Kirst, Insurance Sales Operations Manager at AAA Western and Central New York, emphasizes the importance of swift action: "Time is of the essence. You might get better rates by shopping early, but at the same time, you want to make sure you're never left without insurance."

What affected policyholders can do

If you're an Adirondack policyholder or facing a similar situation with another insurer, consider these steps:

1. Stay informed: Open and carefully read all correspondence from your insurance carrier.
2. Contact your agent: Reach out to your insurance advisor to discuss available options.
3. Shop around: Don't settle for the first alternative you find. Compare rates and coverage from multiple providers.
4. Act quickly: While it's important to make an informed decision, don't delay in securing new coverage.

While insurance company closures are not common, they do occur. States have systems in place to protect policyholders, including guaranty associations that can help manage claims and transfer policies in the event of an insurer's insolvency. However, the best approach is to be proactive and choose a stable insurance provider from the start.

AAA Insurance stands out as a reliable choice for consumers. With a history of financial strength and a commitment to customer service, AAA Insurance offers:

• Multiple carrier options: "At AAA, we work with several different carriers," Kirst explains. "We're able to shop around for [customers] to find the best fit."
• Expertise in transitions: AAA's team is experienced in helping customers navigate insurance changes, whether due to company closures or simply seeking better rates.
• Comprehensive coverage: From auto and home to life and more, AAA provides a wide range of insurance products to meet diverse needs.
• Competitive rates: In an era of rising insurance costs, AAA works to find the most affordable options without compromising on coverage.

Looking ahead

As the insurance landscape continues to evolve, it's more crucial than ever to have a dependable insurance partner. AAA Insurance remains committed to providing stability, affordability, and peace of mind to policyholders across the region.

Were you (or someone you know) impacted by insurance company closures or simply looking to explore better options? AAA Insurance is ready to help. Call at 888-671-7044, visit AAA.com/Insurance, or stop by your local AAA Travel & Insurance Center to discuss your insurance needs and find the right coverage for you.

Remember, in the world of insurance, preparation and partnership are key. With AAA Insurance, you're never alone in navigating the complexities of coverage and claims.

Need stable, reliable insurance coverage you can count on over the years ahead? Trust AAA Insurance to be there for all your insurance needs.

AAA Insurance