U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New York > Long Island
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 10-30-2009, 04:36 PM
 
54 posts, read 82,506 times
Reputation: 67

Advertisements

Hello All,

State Farm has dropped my homeowner's policy w/them claiming my home is w/in 1000 feet of open water and therefore at risk of wind damage in the case of a hurricane.

I have had both my homeowner's and auto policies with State Farm for many years with no homeowner claims and a auto accident claim well over 15 years ago.

My agent at SF "found" me a company willing to write a policy for my home - big deal, I know he'll get a commission on that. I checked the Better Business Bureau and they gave this company an unimpressive D-.

My questions are:
1) Has anyone else in Port (or any other North Shore town) been dumped recently?

2) Any recommendations for other insurers that might take on a reject such as I?

TIA
Reply With Quote Quick reply to this message

 
Old 10-30-2009, 05:06 PM
 
Location: NJ/NY
10,620 posts, read 15,306,721 times
Reputation: 2757
I live 3 houses from the bay on a canal in the highest flood zone possible and Farmers insures me.
Reply With Quote Quick reply to this message
 
Old 10-30-2009, 05:27 PM
 
Location: Sound Beach
2,157 posts, read 6,220,022 times
Reputation: 859
Quote:
Originally Posted by Port Washington Native View Post
Hello All,

State Farm has dropped my homeowner's policy w/them claiming my home is w/in 1000 feet of open water and therefore at risk of wind damage in the case of a hurricane.

I have had both my homeowner's and auto policies with State Farm for many years with no homeowner claims and a auto accident claim well over 15 years ago.

My agent at SF "found" me a company willing to write a policy for my home - big deal, I know he'll get a commission on that. I checked the Better Business Bureau and they gave this company an unimpressive D-.

My questions are:
1) Has anyone else in Port (or any other North Shore town) been dumped recently?

2) Any recommendations for other insurers that might take on a reject such as I?

TIA
Sound Beach...within 1000 ft of the Sound but up about 180 ft on the bluffs. We were denied by a number of ins companies. We settled with Castle Point insurance (who??) and pay like $1800 a year (300K replacement value). Its through an insurance group in Medford...they probably can find something for the riff-raff :-). Let me know I'll send you the info if you like.
Reply With Quote Quick reply to this message
 
Old 11-01-2009, 07:56 AM
 
Location: Hamburg, NY
1,167 posts, read 2,127,698 times
Reputation: 1063
Quote:
Originally Posted by Port Washington Native View Post
Hello All,

State Farm has dropped my homeowner's policy w/them claiming my home is w/in 1000 feet of open water and therefore at risk of wind damage in the case of a hurricane.

I have had both my homeowner's and auto policies with State Farm for many years with no homeowner claims and a auto accident claim well over 15 years ago.

My agent at SF "found" me a company willing to write a policy for my home - big deal, I know he'll get a commission on that. I checked the Better Business Bureau and they gave this company an unimpressive D-.

My questions are:
1) Has anyone else in Port (or any other North Shore town) been dumped recently?

2) Any recommendations for other insurers that might take on a reject such as I?

TIA
I didn't get dropped by my insurance company but my premiums have gone through the roof! It was $1,100 three years ago and now it is almost $2,200! I live 42 feet above sea level for god sakes! It would take a category 5 for water to reach that level and that is nearly statistically impossible for that to happen at this latitude.

I think the insurance companies are using this as an excuse to soak us!
Reply With Quote Quick reply to this message
 
Old 11-01-2009, 03:16 PM
 
14 posts, read 38,367 times
Reputation: 13
Quote:
Originally Posted by Port North View Post
I didn't get dropped by my insurance company but my premiums have gone through the roof! It was $1,100 three years ago and now it is almost $2,200! I live 42 feet above sea level for god sakes! It would take a category 5 for water to reach that level and that is nearly statistically impossible for that to happen at this latitude.

I think the insurance companies are using this as an excuse to soak us!
It doesn't matter if your one foot above sea level, 42 feet above sea level or 1000 feet above sea level. Flood is not covered on your Homeowners policy. It is the wind that the insurance companies are afraid of. They are afraid of a hurricane coming through and blowing your house away. Chances are your price went up $1100 and you have a 5% wind or hurricane deductible too.
Reply With Quote Quick reply to this message
 
Old 11-01-2009, 08:00 PM
 
54 posts, read 82,506 times
Reputation: 67
Thank you Port North, fitz123, newtoli & alexei27 for your advice!
I'm off to search for a policy tomorrow.
fitz123 is right -- I was told that my policy was not renewed due to the potential for wind damage.
Port North - I'm not close to water either - high ground, not a flood zone - did your insurer tell you why they inflated your rate?
newtoli - thanks, will try Farmers
alexei27 - thanks from the riff-raff :-) May be back to bother you for the ins. co you used.
Reply With Quote Quick reply to this message
 
Old 11-12-2009, 12:29 PM
 
91 posts, read 216,767 times
Reputation: 21
I have 3 markets that write on the water, if you need help obtaining insurance let me know.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:



Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New York > Long Island
Similar Threads

All times are GMT -6.

2005-2017, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32 - Top