Sentences with phrase «insuring coastal properties»

There is a high level of risk associated with insuring coastal properties, and one hurricane alone could be enough to drain an entire claims reserve, which would mean higher premiums for everybody.

There is $ 2.3 trillion of insured coastal property at risk in New York State alone.

Not exact matches

According to the Insurance Information Institute (III), in 2012 Massachusetts had an estimated $ 393.6 billion of insured residential coastal property vulnerable to hurricanes.

However, if you're looking at a coastal property, which constitutes about 34 % of all insured properties in New Jersey, you'll need to add flood insurance on top of your normal homeowners insurance.

In 2013, only about 9 % of all insured property in North Carolina was located in a coastal area, but the total insured value was worth $ 163.5 billion, according to the Insurance Information Institute.