In mid-March, Access Insurance Company, a Georgia-based auto insurance company received an order from the California Department of Insurance that required Access to “stop transacting, soliciting, negotiating, or administering and writing any new or renew insurance business of any kind in the state of California.” Access was unable to “demonstrate it has the assets and capital to sustain its business as an insurer” as mentioned by the California Insurance Commissioner Dave Jones. Access was licensed to sell auto insurance in 22 states across the country, and the California Department of Insurance immediately ordered Access to cease all operations in California. All policies will be terminated on April 12.
You might be thinking… “I already paid for half a year’s worth of premiums… what am I supposed to do now?” or “I still have unfinished claims with Access… what should I do?” The temporary answer to your question is that regardless of the premiums you’ve paid, all Access policies will no longer be valid after April 12. All issues regarding refunds and insurance claims will have to wait until further investigation and confirmation from the California Insurance Guarantee Association (CIGA).
KCAL would like to remind everyone that if you are insured under Access, please contact us ASAP before April 12 and we can help you quote for another insurance company and change plans to avoid not having any insurance. For those not insured under Access, you have to pay special attention too! If in the unfortunate event that you get involved in a car accident with the responsible third party who is insured under Access, after April 12, their insurance will no longer be valid. If you have comprehensive insurance and are fully covered, you can repair your car with your collision coverage and pay the deductible. However, keep in mind that claims will take a long time to process.
Long story short, if you or your family member is insured under Access, please be sure to contact KCAL Insurance Agency and get your plan switched before April 12.