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I happen to live near the ocean and my insurance company just told me they were not going to renew my policy. What are my options?

April 26, 2017COMPANY going Insurance live near ocean policy

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I happen to live near the ocean and my insurance company just told me they were not going to renew my policy. What are my options?

1 Answer

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10 Posted

A. Your company has the right to renew or not renew your policy. Recent severe storm losses incurred by many insurance companies have caused them not to renew policies in coastal areas. We would suggest we have a couple options. First, you can check with one of our Account Representatives to see if we have companies writing business in the area other than the one that is not renewing you. Second, we can help you purchase insurance through the FAIR PLAN, technically, the Massachusetts Property Insurance Underwriting Association. It was formed by the Massachusetts legislature in 1968 to make available insurance protection to individuals who were having problems getting insurance for their home. Don’t forget to ask us about the Federal Flood Insurance Plan, especially if you are in a coastal area. It is a good companion to a homeowners policy.