Let us take care of you
The concept of adverse action refers to a decision made by an insurance company that negatively impacts an individual’s application for coverage or existing policy. This can include denying assurance, increasing premiums, or modifying terms.
The company is typically required to provide an adverse action notice to the individual, informing them of the specific reasons for the decision and any rights they may have to review their credit report, which is a detailed record of an individual’s credit history.
It is important to review the adverse action notice and credit report to understand the reasons behind the decision and to take any necessary steps to address any inaccuracies or improve one’s creditworthiness.
PSIC will notify you through a notice when insurance is requested about the adverse action that will determine coverage denial, premium increases, or term modifications.
It is important to note that they can occur for various reasons. For example, coverage denial may result from the insured not meeting certain eligibility criteria or if the property to be insured is considered high-risk.
PSIC is committed to providing transparency and ensuring that its customers are informed about any adverse actions taken regarding their insurance applications.
Need More Help?
If you couldn’t find what you were looking for, remember that at PSIC we have an available AI assistant!
Learn more about insurance in the resources section. Find safety tips, money-saving options, do’s & don’ts, news, and much more information.
Get monthly news and useful insights by subscribing to our monthly newsletter.
By submitting this form you confirm that you agree to PSIC’s privacy policy.
With more than 40 years of trajectory, we have the expertise to accompany you in every stage of your life.
Customer support: 800-303-5000
Claims support: 800-962-1172
5515 E. La Palma Ave. Ste. 150, Anaheim, CA 92807
Copyright © McGraw Insurance Services, L.P., Delaware L.P., 5515 E. La Palma Ave. Ste. 150, Anaheim, CA 92807, License 0K06900 / National Producer No. 17486061 The insurance policy, not the contents of this website, forms the contract between the insured and the insurance company. The policy may contain limits, exclusions and limitations that are not detailed on this website. Coverage may differ by state.
Privacy Notice at Collection for CA employees
Last updated: June 27, 2023
We take the privacy of our employees and applicants very seriously. Please read this notice carefully as it contains important information on the personal information that we collect, why we collect it, how long we keep it, and that it is not sold to third parties.
Other terms used but not defined will have the meaning set forth in the CCPA, as amended by the CPRA, Cal. Civ. Code §§ 1798.100—1798.199.100, and accompanying regulations set forth under Cal. Code Regs. tit. 11, § 7000 et seq.
Categories of Personal Information Collected
Purposes for Collecting and Using Your Personal Information
Managing Human Resource Functions:
Conducting business operations:
Monitoring:
Compliance with:
Investigating:
We will not retain your personal information for longer than necessary for the purposes set out in this notice. Different retention periods apply for different types of personal information.
When it is no longer necessary to retain your personal information, we will delete or anonymize it.