While the majority of homes in North Carolina aren't on the coastline, for
those considering coastal property, additional insurance will be a consideration.
Not exact matches
Allstate, one of the largest residential
property insurers on the east coast, elected not to renew 30,000 policies covering
coastal properties in New York City, Long Island, Westchester County and Connecticut, and is
considering reducing
coastal area coverage in Massachusetts and along the Gulf.
First,
consider this statement from the Executive Summary: «If we continue on our current path, by 2050 between $ 66 billion and $ 106 billion worth of existing
coastal property will likely be below sea level nationwide...»
·
Coastal planners and owners of
coastal properties and infrastructure should carefully
consider projected relative sea level changes when evaluating new or reconstruction projects.
Considering that
property damage is an optional, personal choice, under this proposal even residents of
coastal areas and other particularly difficult markets would be well - served.
Considering that Mother Nature can strike without warning and that Massachusetts is a
coastal state, you can't afford to be without
property insurance.