Progressive said it will stop offering dwelling fire insurance, with nonrenewal notices going out as early as Nov. 19.
The Mayfield, Ohio-based insurer late last week said the decision to discontinue writing the coverage, often dubbed “landlord insurance,” for non-primary residences and rental properties was done to focus on owner-occupied homes and bundling home and auto insurance.
Stopping the line of business will create more capacity for these initiatives, Progressive said, adding that it “remains committed to the homeowners insurance market and will continue to offer homeowners, renters, condo, flood and umbrella policies.”
Progressive said