Who can deny the perks of living along the coast? Whether it’s beautiful beaches, picturesque scenery, unmatched sunsets, fresh seafood or a tightknit community that attracts you, coastal living boasts it all and more. So, if you are considering buying a coastal home, or, smarter yet, you’ve already purchased one along the South Coast of MA or RI, we couldn’t agree more that this is the perfect place for you and your family to live. Our area’s charming communities, like Fall River MA and Tiverton, RI, are within close proximity to the ocean, and home to many historical landmarks, restaurants and outdoor parks.
As a current or soon-to-be owner of a coastal property, it’s important to understand all your risks as well as those that may impact your property – and your insurance rates – in the future. Increases in coastal housing developments, population growth, and an expected rise in sea level due to climate change could all contribute to even more dramatic insurance rate increases in the future. This is why it is critical to have an insurance partner who is not only knowledgeable about coastal home insurance, but also very familiar with the area you live in.
To ensure that your distinct coastal home is properly protected at an affordable rate, the experienced and local team at BayCoast Insurance would like to review the following home insurance policy enhancements with you:
One more important detail to understand about coastal home insurance is that not all insurers agree on the definition of a coastal property.
You may have a multi-million-dollar beachfront property, or a vacation/short-term rental investment a mile down the road from the ocean, or even a primary residence that sits two miles inland. All of these properties could be viewed by an insurer as coastal property, which could ultimately mean you are subject to higher deductibles and/or increased premiums. Furthermore, many traditional insurance agencies are no longer willing to write coastal home insurance due to the unusually high risk level and the potential for claims that have, in the recent past, put a significant financial burden on insurers.
As you can see, navigating coastal home insurance is a tricky business, so it is critical to seek the advice of an experienced and knowledgeable local insurance agent. The partners at BayCoast Insurance do not want you to despair if you’ve tried several insurers already and cannot find coverage. As the region’s experts, we have partnered with top quality insurance providers that have coastal insurance coverage designed specifically for homes along the South Coast of MA and RI. Even better, they offer rates that are reasonable and provide you with many options, based on your specific circumstances.
At BayCoast Insurance, we are 100% committed to providing the best customer service. This means that we will walk you through the entire coastal home insurance process from start to finish and help you make the best decision for you, your family, and your specific property. Our team will also continuously monitor the benefits and rates offered by the companies we represent to guarantee you are getting the absolute best value. Most important, you can count on us to be here for you when you have any questions, in the event you need to file a claim, or if you experience any other challenging situations as a coastal homeowner.
Our goal is to relieve any stress you may have about safeguarding your investment so that you can truly enjoy what the South Coast of MA and RI has to offer.