Rattlesnake Island Association Lot

[IslandRadio]

Originally Posted by MAXUM

Hey another question - I haven't looked into this yet, anyone have an difficulty getting your place insured and comparatively speaking how's the cost?

This was interesting.... Having a primary residence is Massachusetts, some companies won't write a policy for an island property in New Hampshire because the primary home is in a different state However, we were able to get a policy underwritten by The Concord Group. There are also other insurance companies who will insure inland island properties.

The key is to find a local agent who is used to dealing with the islands. I used Noyse in Wolfeboro, but there are others. An agency in Alton was mentioned to me, but I forget the name Our policy is about $430/year, which I think is expensive, but maybe not. Apparently, it is considered a "burn down" situation, so the companies set the rates accordingly. Someone in the insurance business can probably speak to this with more authority.

Also, for under $20.00/year, I was able to extend the primary home's umbrella policy to cover the island property. THAT is very reasonable in my view.

Anyway, that was my experience, for what it's worth!

Regards,

Steve