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Old 10-13-2009, 12:54 PM
 
108 posts, read 357,760 times
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i'm having a hard time finding competitive coastal markets. if you live in Bay Colony or know someone who does, where's the HomeOwners Insurance?

thanks!
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Old 10-13-2009, 01:54 PM
 
Location: Nassau, Long Island, NY
16,408 posts, read 33,292,576 times
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If you are actively looking in Bay Colony, Baldwin Harbor and other locations near the water, I think it would be a good idea to ask the sellers who they use for homeowner's insurance and then call the companies they say they have and see if the companies are writing new policies in the area.
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Old 10-13-2009, 02:19 PM
 
108 posts, read 357,760 times
Reputation: 29
Quote:
Originally Posted by I_Love_LI_but View Post
If you are actively looking in Bay Colony, Baldwin Harbor and other locations near the water, I think it would be a good idea to ask the sellers who they use for homeowner's insurance and then call the companies they say they have and see if the companies are writing new policies in the area.
thanks, but the seller does not have insurance on this home.
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Old 10-13-2009, 02:25 PM
 
Location: Nassau, Long Island, NY
16,408 posts, read 33,292,576 times
Reputation: 7339
Quote:
Originally Posted by brunette-T View Post
thanks, but the seller does not have insurance on this home.
No insurance? What are they, crazy?

I guess the seller must not have a mortgage on the home because if you have a mortgage they don't even trust you to make the payment for the insurance just like they don't trust you to pay the property taxes. You pay it in your mortgage and they forward the money.

Call some local insurance agencies that deal with several different homeowners insurance companies and see what they say.
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Old 10-14-2009, 05:30 PM
 
108 posts, read 357,760 times
Reputation: 29
Quote:
Originally Posted by I_Love_LI_but View Post
No insurance? What are they, crazy?

I guess the seller must not have a mortgage on the home because if you have a mortgage they don't even trust you to make the payment for the insurance just like they don't trust you to pay the property taxes. You pay it in your mortgage and they forward the money.

Call some local insurance agencies that deal with several different homeowners insurance companies and see what they say.
he is a bit strange, but yes you're right - no mortgage. as far as we know, we're able to shop the insurance right now and take care of it ourselves. we've managed to secure the flood portion already, and have a HO quote, but my agent advised me to shop it a bit before we settle for it.
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