Homeowners Insurance

Over the past several years many majors insurers have retreated from coastal communities all over the US, including the Cape and Islands. Homeowners are left with the State Fair Plan as the only source of home insurance. One client recently commented that "he did not realize life on the Vineyard was so perilous" in the end a local insurance agent did manage to find a couple of reasonable options for this homeowner. An article in the Cape Cod Times last week caught my eye, it seems there is a new kids in town, Narragansett Bay a Rhode Island firm will be offering polices on Cape Cod and in other coastal location. It will be interesting to see if they enter the Vineyard Market. To read more Click here.