Sublimity Insurance is Leaving the Market: What You Need to Know

As some of you may have heard, Sublimity Insurance, a well-loved Oregon-based insurance company, has made the tough decision to step back from offering personal lines insurance in the state. Here at Bancorp Insurance, we understand the impact this news has on our community, as Sublimity has been a trusted partner, employing local Oregonians and supporting policyholders throughout the region. Let’s walk through what this means for you and your policy—and how we can help you through this transition.

Why is Sublimity Insurance Leaving?

Sublimity Insurance has been a local fixture in the Oregon insurance landscape for years, so this departure leaves many homeowners and drivers wondering, “Why now?” Simply put, the current insurance market is in what we call a “hard market,” where rising claim costs, inflation, and other financial factors make it difficult for insurers to keep rates steady. Sublimity, like other companies, has had to make tough decisions, which unfortunately means they will no longer offer personal lines insurance in Oregon.

What Happens to Your Policy?

If you’re a current Sublimity Insurance policyholder, you don’t need to panic. Bancorp Insurance has been working closely with Sublimity and Branch Insurance, the carrier taking over Sublimity’s renewal rights. Here’s what you need to know about the transition process:

Renewal Process: If your policy is up for renewal soon, you’ll receive a non-renewal notice from Sublimity. Along with this, Branch Insurance will provide you with a new policy quote.

Additional Underwriting Requirements: Branch Insurance will re-evaluate each policy, which could involve questions about your home, requests for photos, or possibly a home inspection.

If for any reason Branch’s quote doesn’t align with your needs or budget, don’t worry. We’re here to help you shop around to find a policy that works best for you. We understand that this is a stressful situation, and our goal is to provide seamless support as you consider new insurance options.

How Bancorp Insurance is Supporting You

At Bancorp Insurance, we pride ourselves on being proactive, especially during transitions like this. We’re already reviewing policies to ensure that our clients find the best coverage at the most competitive rates. Here’s what we’re doing to make this shift as smooth as possible:

Exploring Alternatives: If Branch’s coverage doesn’t fit your needs, our team will actively shop for alternatives, ensuring you have access to the best options available.

Personalized Support: We’re keeping a close eye on each renewal, reaching out to clients directly and answering questions along the way. Your peace of mind is our priority.

For those new to Bancorp Insurance or who don’t currently have an agent, we’re here to answer your questions and help you secure reliable coverage. Just book an appointment with us online at BancorpInsurance.com, and our team will be happy to guide you through the process.

Next Steps for Sublimity Policyholders

If your Sublimity Insurance policy renews soon, expect a non-renewal letter and a quote from Branch Insurance. We encourage you to take some time to review the details and reach out to us with any questions or concerns. Our team is on standby to help you make the best choice for your needs. If your policy isn’t up for renewal until later in the year, you can stay with Sublimity until it’s time to switch.

Final Thoughts

While it’s always hard to see a familiar name like Sublimity Insurance leave the market, change often brings new opportunities. Branch Insurance may provide excellent rates, and we’ll be here to help you navigate any changes. At Bancorp Insurance, we’re committed to helping you make informed choices about your coverage, offering support every step of the way.

Remember, if you’re feeling uncertain or have questions, don’t hesitate to reach out. Let us handle the details so you can feel confident in your coverage for the road ahead.

Bancorp’s insurance agents are available to provide you with a free review and consultation.  Contact Us – Bancorp Insurance Call 800-452-6826