Island Camp Homeowners Insurance?

Bodhi · 08-07-2013, 11:14 AM

WE are being dropped by Phenix- our carrier doesn't work with them- got quote from Foremost Insurance through USAA- log cabin is tough plus not having year round access to fire dept- quote is $2854 $500 deduct $2723 for $1000 deduct- coverage for 246,000 plus 24,600 for outbuildings- sounds VERY high
more than double what Phenix was-

codeman671 · 11-26-2013, 05:58 PM

Resurrecting an older thread...

I am trying to help someone one on island insurance. He is looking for a company that insures log homes, on an island, but does not require you to package all properties into one policy.

We use Hanover for ours but they require a package deal. Anyone out there using a separate provider for their island property than their main home? And anyone in the log home situation as well?

Bear Islander · 11-26-2013, 08:25 PM

My island home is insured by Lloyds of London through DeCotis Insurance in Braintree, MA. $1,303 premium plus inspection for 450k of coverage.

They had a simple one page application that I just checked. No question or mention of Log Homes. No other insurance required.

I hope this works for you.

whalebackpoint'r · 11-27-2013, 07:57 AM

York Ins. Co, through Cross Agency

MAXUM · 11-27-2013, 09:36 AM

OK I get the whole island thing far as insurance goes... but what's the deal with log cabins? Sure the construction is a little different but why would an insurance company not like them any more than a timber framed, or something built with SIPS (structural insulated panels)?

Still with State Farm and very happy with them. Coverage is a little more expensive but I can understand that, after much discussion with my agent as we were writing up the binder for it, he basically said this is high risk/catestrophic coverage. They just assume that if the place ever goes up in flames it's a total loss. IF there are any damage claims they are figuring on 2-3 times the cost to repair. Thankfully I just have a simple little camp so teh cost isn't to bad. The insurance bills on some of the nicer island "homes" must be pretty significant.

Blue Thunder · 11-27-2013, 07:54 AM

Quote:

Originally Posted by codeman671

Resurrecting an older thread...

I am trying to help someone one on island insurance. He is looking for a company that insures log homes, on an island, but does not require you to package all properties into one policy.

We use Hanover for ours but they require a package deal. Anyone out there using a separate provider for their island property than their main home? And anyone in the log home situation as well?

Codeman,
Did you end up staying with Hanover? You were considering a change earlier in this thread due to a significant increase in premium.

BT

codeman671 · 11-27-2013, 09:47 AM

Quote:

Originally Posted by Blue Thunder

Codeman,
Did you end up staying with Hanover? You were considering a change earlier in this thread due to a significant increase in premium.

BT

Yes, I am still with Hanover. We had an insurance claim this year due to a failed window that caused some water damage, so we figured that we would stay with them and revisit after the claim was over. Honestly they were great to deal with, paid everything asked for and did not fight at all on the claim so I am very pleased with them in the end.

The question was actually being posed for someone else, a buyer for our home. He doesn't want to combine policies with his primary for some reason unbeknownst to me.

Blue Thunder · 11-27-2013, 12:16 PM

Quote:

Originally Posted by codeman671

Yes, I am still with Hanover. We had an insurance claim this year due to a failed window that caused some water damage, so we figured that we would stay with them and revisit after the claim was over. Honestly they were great to deal with, paid everything asked for and did not fight at all on the claim so I am very pleased with them in the end.

The question was actually being posed for someone else, a buyer for our home. He doesn't want to combine policies with his primary for some reason unbeknownst to me.

Yeah, got that but I was going back to your OP about Hanover increasing your premium and what was the reason. The exact same thing happened to many of my fellow islanders over on Sebago this past season. In some cases the premium doubled for no reason and they had to look elsewhere.

codeman671 · 11-27-2013, 02:03 PM

Quote:

Originally Posted by Blue Thunder

Yeah, got that but I was going back to your OP about Hanover increasing your premium and what was the reason. The exact same thing happened to many of my fellow islanders over on Sebago this past season. In some cases the premium doubled for no reason and they had to look elsewhere.

They indicated that they had it rated wrong. They had it rated as a mainland property which would be easier to insure due to availability of public services such as fire and police. Typically if an island property catches fire, by the time the fire department arrives they better bring marshmallows instead of hoses.

Plumberswife · 11-28-2013, 11:06 PM

We have Chalmers for an agent and Vermont Mutual for our carrier. They're wonderful

08-07-2013, 11:14 AM	#1
Bodhi Junior Member Join Date: Mar 2013 Posts: 6 Thanks: 2 Thanked 0 Times in 0 Posts	insurance costs/estimates WE are being dropped by Phenix- our carrier doesn't work with them- got quote from Foremost Insurance through USAA- log cabin is tough plus not having year round access to fire dept- quote is $2854 $500 deduct $2723 for $1000 deduct- coverage for 246,000 plus 24,600 for outbuildings- sounds VERY high more than double what Phenix was-

11-28-2013, 11:06 PM	#10
Plumberswife Member Join Date: Oct 2011 Location: Cape Cod/Ossipee NH Posts: 38 Thanks: 14 Thanked 1 Time in 1 Post	We have Chalmers for an agent and Vermont Mutual for our carrier. They're wonderful __________________ Be kinder than you need to be.......

11-26-2013, 05:58 PM	#2
codeman671 Senior Member Join Date: Jan 2005 Posts: 3,509 Thanks: 221 Thanked 818 Times in 491 Posts	Resurrecting an older thread... I am trying to help someone one on island insurance. He is looking for a company that insures log homes, on an island, but does not require you to package all properties into one policy. We use Hanover for ours but they require a package deal. Anyone out there using a separate provider for their island property than their main home? And anyone in the log home situation as well?

11-26-2013, 08:25 PM	#3
Bear Islander Senior Member Join Date: Apr 2004 Location: Bear Island Posts: 1,764 Thanks: 32 Thanked 441 Times in 207 Posts	My island home is insured by Lloyds of London through DeCotis Insurance in Braintree, MA. $1,303 premium plus inspection for 450k of coverage. They had a simple one page application that I just checked. No question or mention of Log Homes. No other insurance required. I hope this works for you.

The Following User Says Thank You to Bear Islander For This Useful Post:
codeman671 (11-26-2013)

11-27-2013, 07:57 AM	#4
whalebackpoint'r Senior Member Join Date: Jul 2013 Posts: 127 Thanks: 30 Thanked 50 Times in 25 Posts	York Ins. Co, through Cross Agency

11-27-2013, 09:36 AM	#5
MAXUM Senior Member Join Date: Apr 2004 Location: Kuna ID Posts: 2,755 Thanks: 246 Thanked 1,942 Times in 802 Posts	OK I get the whole island thing far as insurance goes... but what's the deal with log cabins? Sure the construction is a little different but why would an insurance company not like them any more than a timber framed, or something built with SIPS (structural insulated panels)? Still with State Farm and very happy with them. Coverage is a little more expensive but I can understand that, after much discussion with my agent as we were writing up the binder for it, he basically said this is high risk/catestrophic coverage. They just assume that if the place ever goes up in flames it's a total loss. IF there are any damage claims they are figuring on 2-3 times the cost to repair. Thankfully I just have a simple little camp so teh cost isn't to bad. The insurance bills on some of the nicer island "homes" must be pretty significant.