Property/Casualty Insurance for Island Properties

IslandRadio · 11-08-2009, 09:18 AM

Currently, we have property/casualty insurance for our island property with The Concord Group. I recently received a letter from them saying they may not renew or continue the insurance because the property "does not meet underwriting requirements" (whatever that means!).

When I took out the policy (we recently bought the property - this year), the guy said there may be trouble because the property is "on an island, and since Katrina

the companies are not wanting to underwrite island properties". What Katrina has to do with New Hampshire is beyond me.

Has anyone else run into this? Anyone know of some sane insurance companies that understand the difference between oceanfront in a hurricane zone and Winnipesaukee?

Frustrated!

Thanks and Regards,

Steve

chaseisland · 11-08-2009, 09:31 AM

J Clifton Avery agency in Wolfeboro as agent, the insurer is Cambridge Mutual Fire Insurance Co. for the past 12 years. no problems with either.

tis · 11-08-2009, 12:44 PM

Insurance is getting so frustrating. If it isn't island property, it's an empty house, or they don't write that type of house any more or they want central alarm systems or some darn excuse. If it's a boat, they don't cover that type of boat any more. If it's health they don't cover that prescription any more. It it's business insurance, you want to pay for the little things yourself or risk the price going up. It makes you want to just forget about having any!

Blue Thunder · 11-08-2009, 08:27 PM

Here's a thread we did a couple of years ago when Webbsatwinni was in the same predicament:

http://www.winnipesaukee.com/forums/...ners+insurance

Blue Thunder

codeman671 · 11-08-2009, 09:26 PM

We use Hanover Insurance through Portsmouth Atlantic Insurance in you guessed it, Portsmouth.

Best rates I have found and good service.

lakershaker · 11-09-2009, 10:48 AM

We use allstate for all of our insurance - primary house in CT, island house on Rattlesnake, cars, boat, umbrella. Generally I've been happy, but I just got my renewal notice for the island and it went up 80%!!!! I called to ask, and they said the same thing about how they are pricing island property. I told him it was on an island last year too, but it just seems like most insurance companies are really trying to limit their catastrophic exposure.

I am not going to change carriers even with the price increase because I'm afraid I wouldn't find someone else willing to write a policy for the island.

Formula260SS · 11-09-2009, 11:34 AM

Try Cross Insurance in Meredith, the carry Phenix out of Concord NH. Iv'e driven by the Phenix office in Concord so they are a local carrier, no increase for us this year.

Island-Ho · 11-09-2009, 12:43 PM

I also insure my island property with Phenix out of Concord. Rates have been reasonable and steady for several years. Your mileage may vary.

11-08-2009, 09:18 AM	#1
IslandRadio Senior Member Join Date: Sep 2009 Location: Mirror Lake - Full time resident Posts: 398 Thanks: 70 Thanked 156 Times in 61 Posts	Property/Casualty Insurance for Island Properties Currently, we have property/casualty insurance for our island property with The Concord Group. I recently received a letter from them saying they may not renew or continue the insurance because the property "does not meet underwriting requirements" (whatever that means!). When I took out the policy (we recently bought the property - this year), the guy said there may be trouble because the property is "on an island, and since Katrina the companies are not wanting to underwrite island properties". What Katrina has to do with New Hampshire is beyond me. Has anyone else run into this? Anyone know of some sane insurance companies that understand the difference between oceanfront in a hurricane zone and Winnipesaukee? Frustrated! Thanks and Regards, Steve

11-08-2009, 08:27 PM	#4
Blue Thunder Senior Member Join Date: Apr 2004 Location: Eastern MA & Frye Island/Sebago Lake, Maine Posts: 951 Thanks: 252 Thanked 351 Times in 158 Posts	Been there, done that Here's a thread we did a couple of years ago when Webbsatwinni was in the same predicament: http://www.winnipesaukee.com/forums/...ners+insurance Blue Thunder __________________ " Live for today because yesterday is gone and tomorrow may never come"

11-09-2009, 10:48 AM	#6
lakershaker Senior Member Join Date: Jul 2004 Location: Rattlesnake Isl. - Simsbury, CT Posts: 274 Thanks: 91 Thanked 46 Times in 28 Posts	Allstate We use allstate for all of our insurance - primary house in CT, island house on Rattlesnake, cars, boat, umbrella. Generally I've been happy, but I just got my renewal notice for the island and it went up 80%!!!! I called to ask, and they said the same thing about how they are pricing island property. I told him it was on an island last year too, but it just seems like most insurance companies are really trying to limit their catastrophic exposure. I am not going to change carriers even with the price increase because I'm afraid I wouldn't find someone else willing to write a policy for the island.

11-09-2009, 12:43 PM	#8
Island-Ho Senior Member Join Date: Apr 2004 Posts: 176 Thanks: 19 Thanked 14 Times in 11 Posts	Phenix I also insure my island property with Phenix out of Concord. Rates have been reasonable and steady for several years. Your mileage may vary.

11-08-2009, 09:31 AM	#2
chaseisland Senior Member Join Date: Jun 2007 Location: Concord, NH Posts: 157 Thanks: 17 Thanked 68 Times in 44 Posts	J Clifton Avery agency in Wolfeboro as agent, the insurer is Cambridge Mutual Fire Insurance Co. for the past 12 years. no problems with either.

11-08-2009, 12:44 PM	#3
tis Senior Member Join Date: Jan 2006 Posts: 6,700 Thanks: 751 Thanked 1,454 Times in 1,011 Posts	Insurance is getting so frustrating. If it isn't island property, it's an empty house, or they don't write that type of house any more or they want central alarm systems or some darn excuse. If it's a boat, they don't cover that type of boat any more. If it's health they don't cover that prescription any more. It it's business insurance, you want to pay for the little things yourself or risk the price going up. It makes you want to just forget about having any!

11-08-2009, 09:26 PM	#5
codeman671 Senior Member Join Date: Jan 2005 Posts: 3,486 Thanks: 221 Thanked 810 Times in 486 Posts	We use Hanover Insurance through Portsmouth Atlantic Insurance in you guessed it, Portsmouth. Best rates I have found and good service.

11-09-2009, 11:34 AM	#7
Formula260SS Senior Member Join Date: Oct 2006 Location: NH Posts: 384 Thanks: 11 Thanked 76 Times in 51 Posts	Try Cross Insurance in Meredith, the carry Phenix out of Concord NH. Iv'e driven by the Phenix office in Concord so they are a local carrier, no increase for us this year.