My husband and I are considering buying a vacation home with a possible transition to our full time residence in Newport, on the Point. We are pretty familiar with the area (have spent lots of time there in the summer, have year round friends there, even got married there!) but are concerned about homeowners insurance rates. One of my year round friends recently had a heck of a time finding insurance that wasn't absolutely ridiculous - apparently the insurance companies believe the entire island will be wiped out in a hurricane any minute!
During her hunt she relayed that even the state legislators had taken it up because they, too, were having the problem finding companies that would even insure them, much less be reasonable instead of exorbitant.
Also, does anyone here have experience dealing with the Historic Commission? One particular house we are interested in would require an addition to meet our needs since it's a 1700s colonial that has had little updating, but I have no idea how anti-addition the commission might be. I realize plans must be approved, but as long as the house is not a landmark and the plans meet approval, are additions generally allowed?
Any input would be appreciated!