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AC2717 · 07-15-2013, 07:58 AM

unfortuntley:
we all in the Northeast Region have been lucky the past couple of years with extremely reduced rates, but since the country has taken a beating in the insurance world across the country, they are adjusting rates and increasing them. But it is actually more in line with where they should be originally. When you look at it, all though we all love cheap priced insurance for quality coverage just like everything else, when the fun (great prices) end, we look at it and say wow now I am getting screwed. The market is correcting itself. $1,000 for a island camp which more than likely will be a total loss in the event of a fire, snow damage, does not seem like much, now go 30 years without something happening and that is $30,000 in insurance. but at the same token, if it burns down in the 30th year then you paid $30,000 in insurace for them to give you up to $397,500 or a payout if you are liabile for anything you might do on or off your property or if someone gets hurt on your property and that is with a dock, swim area, no immediate medical care while on the island

Tough pill to swallow but being in the business this is what is trending. you might be able to get a close price for the next year or two, but will all eventually been within 15% of each others pricing real soon

07-15-2013, 07:58 AM	#17
AC2717 Senior Member Join Date: Apr 2007 Location: Maynard, MA & Paugus Bay Posts: 2,567 Thanks: 753 Thanked 353 Times in 265 Posts	unfortuntley: we all in the Northeast Region have been lucky the past couple of years with extremely reduced rates, but since the country has taken a beating in the insurance world across the country, they are adjusting rates and increasing them. But it is actually more in line with where they should be originally. When you look at it, all though we all love cheap priced insurance for quality coverage just like everything else, when the fun (great prices) end, we look at it and say wow now I am getting screwed. The market is correcting itself. $1,000 for a island camp which more than likely will be a total loss in the event of a fire, snow damage, does not seem like much, now go 30 years without something happening and that is $30,000 in insurance. but at the same token, if it burns down in the 30th year then you paid $30,000 in insurace for them to give you up to $397,500 or a payout if you are liabile for anything you might do on or off your property or if someone gets hurt on your property and that is with a dock, swim area, no immediate medical care while on the island Tough pill to swallow but being in the business this is what is trending. you might be able to get a close price for the next year or two, but will all eventually been within 15% of each others pricing real soon __________________ Capt. of the "No Worries"