Evergreen USA Risk Retention Group, Inc. will cease writing new policies immediately after more than 20 years in the RV park and campground industry.
The firm says it is still ‘fully behind’ its current customer’s policies but will cease renewing existing policies as of July 15th, 2014.
"Unfortunately, by showing the insurance world that campgrounds could be a good risk, we now face stiff competition from extremely large companies with the resources to beat our rates and provide incentives we can’t always match," says Lucas Hartford, Evergreen USA president. "In these times, price is more important than ever to our customer’s success."
As a result, the Evergreen USA board of directors has voted to work with Leavitt Recreation and Hospitality Insurance (Leavitt Rec), to provide renewal options to replace the Evergreen USA coverage when it expires.
Evergreen will continue to service all policies in effect until they expire. Notification will be sent out well in advance of this, and Leavitt Recreation will be working with those customers in conjunction with the notification.
Hartford continues: "Because we have competed for years with Leavitt Rec, we know they represent many great companies and will work hard and be successful providing our clients with great coverage, affordable pricing and the good service they’ve come to expect."
Chris Hipple, managing general partner of Leavitt Rec, says they were preparing for the transaction: "Good competition keeps you very sharp, and while we’re saddened at the loss of an excellent, and honorable competitor, we are very excited to bring some of their staff on board as part of the transition."
He concludes: "Our goal is to make this transition as smooth and seamless for the customers as possible. This change will be a big one, but we feel that by communicating with our clients and working with our carrier-partners, we can make this as positive as possible."
Evergreen USA, campgrounds, Leavitt Recreation, Lucas Hartford