"Gene Kearns" wrote in message
...
On Thu, 19 May 2005 15:33:35 GMT, "NOYB" wrote:
Don't know about Allstate, but I heard Nationwide is not writing new
policies for coastal properties.
State Farm wouldn't write a policy on a boat that I had in rack storage
because the address of the facility put it in a coastal flood zone. When
I
moved to the house on the water, State Farm wouldn't write my home either.
Consequently, they lost my home, two boats, an umbrella, personal property
policies, and two cars.
I'm now with Boat US insurance. Interestingly, they didn't ask where the
boat was moored/stored.
After Andrew, Nationwide cancelled coastal boat insurance as far North
as Tidewater VA...
Nobody will underwrite Coastal NC real estate(200 year flood plain),
so the State has created a "reinsurance facility" on par with the one
insuring "poor risk" drivers...
I wish I had options.....
Nationwide covers my flood insurance, but my homeowners is through St.
Johns. I don't know much about the company other than that's what the
Nationwide *agents* are offering waterfront folks around here.
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