![]() |
![]() |
![]() |
![]() |
|
|||||||
Welcome to City-Data.com forum! Make sure to register - it's free and very quick! You have to register before you can post and participate in our discussions with 400,000 other registered members. User profiles and some forums can only be seen by registered members. After you create your free account you will be able to customize many options, you will have the full access to over 13,000 posts/day about local topics and you will see fewer ads. Within the last few months our forum was cited in an article in 15 newspaper and in a story on AOL's homepage.| Search our forums (advanced): |
![]() |
|
|
|||
|
|||
|
I have family on Cape Cod. They say homeowner's insurance has gone sky high since the insurance companies decided a hurricane 'might' hit the state with resulting claims. One family member says it's over $2000 a year now. Is this the whole state or just the coast? I keep reading about the FAIR plan. Does this affect everyone? Would love to move back someday....
|
|
|
|
|
|||
|
|||
|
No insurance will rise in the Boston area. Since hurricanes will most likely come from the south, areas near south facing coasts such as Cape Cod will be most affected. The most damage usually comes from storm surges and flooding. For the most part, inland areas won't feel the impact as much.
|
|
|
|||
|
|||
|
About 3-4 years ago, basically every last insurance company offering homeowner's insurance on the Cape completely pulled out due to some report indicating that the Cape was overdue for a large hurricane.
That leaves the Commonwealth of Mass. to be the only insurer left who will cover homes on Cape Cod as the insurer of last resort - called MPIUA. Rates are a bit steeper, however, they are famous for NEGATIVE customer service, since its a privilege they even carry your policy..... I found out the hard way a few years back that if you are even 1 day late with your premium payment, they will cancel the entire policy and your only recourse is to apply through your agent for a BRAND NEW policy.. WTF?! |
|
Please register to post and access all features of our very popular forum. It's free and quick. Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com. |
![]() |
| Thread Tools | Search this Thread |
| Display Modes | |
|
|