Cajun Underwriters Reciprocal Exchange is a Louisiana Domiciled Insurance Company that received its Certificate of Authority on June 15, 2022.
Yes, On July 12, 2022, Demotech affirmed the company with a rating of “A Exceptional.”
Cajun Underwriters is a reciprocal insurance company. A reciprocal insurance exchange is a type of insurance company. In this structure, the carrier is owned by policyholders but managed by a separate entity. The policyholders spread their risks among themselves. Policyholders of a reciprocal insurance exchange are referred to as subscribers.
Yes, a Subscriber Agreement and Limited Power of Attorney are required and must be signed by the policyholder (first named insured) and received by Cajun Underwriters. Failure to provide these documents will result in cancellation of the policy. These documents will be available for e-signature online at www.cajunuw.com.
Contact your Cajun Underwriters agent or call 1(855)509-3432
Contact your Cajun Underwriters agent or call 1(855)509-3432
There are many ways that a customer can sign and return their subscription agreement:
1. Visit https://cajunuw.com/sample-agreement-documents/ and input Name, email and Policy number and your customers will be able to digital sign the form.
2. Visit https://cajunuw.com/sample-agreement-documents/ download the form and you can sign and return the agreement to policyservices@cajunuw.com
3. Customers are receiving a printed agreement in their policy jacket where they can sign and email back to policyservices@cajunuw.com
4. All Americas assumptions where we have a customer’s valid email are receiving a digital signature email where you can digitally sign the agreement.
5. You can call into 1(855)509-3432 and request for us to email the digital signature agreement for you to sign.
All customers have 30 days from their policy effective date to get an agreement signed and returned. We reserve the right to cancel the policy when the agreements are not signed and returned.
Customers can call us at 1(855)509-3432 or visit our site at https://cajunuw.com/claims/report-a-claim/
Contact your Cajun Underwriters agent or call 1(855)509-3432
Contact your Cajun Underwriters agent or call 1(855)509-3432
“Surplus” is the excess capital that insurance carriers must keep as a precaution in case the premiums are not enough to cover losses. In general, think of “surplus” as an insurance carrier’s savings account. Every insurance carrier is required to maintain a certain level of surplus in order to operate. Most “for-profit” insurance companies get the surplus in two ways: 1. through the accumulation of years of profits obtained from its policyholders; or 2. from selling stock on the stock market. However, because Cajun UW bases its rates upon what we predict will be needed to cover the costs of claims and expenses, there is no profit load included. In addition, because we do not sell our stock on the stock market, we must generate that surplus from our subscribers themselves. As each member joins the Exchange, a surplus contribution is required. These surplus contributions are 10 percent of the cost of your premium for years one through four and a maximum of 10 percent each year after. That’s because a surplus contribution actually saves you money over time. The more reserves we have to pay claims and cover operating costs, the lower we can keep our prices.
Yes, a DWG1 form will be mail out to the insured. Please email the signed form to policyservices@cajunuw.com
At renewal date, stating effective date November 1, 2023.
Yes, Cajun offers full pay, 2 pay and 4 pay pay-plans. We also accept premium financing. We offer the option to pay with credit card. However, our vendor charges a 2.95% credit card fee. If payment is made via e-check, fees do not apply.
Yes, the current coverage options will mirror SafePoint.
The insured and/or agent will need to work with Safepoint to review the non-renewal status. Otherwise, the policy will not renew.
Yes both companies have new filed and approved rates that will apply to the renewal policy.
Yes, if the policies maintain insurability and pride of ownership and any damage is repaired in a timely fashion.
Cajun will follow the current renewal guidelines to ensure risk is insured to value an inflation factor is applied at renewal the same as Safepoint.
No. Policies renewing in Cajun will include current discounts being applied at Safepoint.
Yes, Cajun will follow our normal re-inspection ordering timeline.
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