Can't Get Insured Near Water
Help! My house is less than 1 mile away from a body of water and I’m having trouble getting insurance. I’ve tried State Farm, Allstate, Geico, and Liberty Mutual. No luck. Does anyone have this problem? Which company did you go with? TSC is the only one who said they could insure it, but I…
Help! My house is less than 1 mile away from a body of water and I’m having trouble getting insurance. I’ve tried State Farm, Allstate, Geico, and Liberty Mutual. No luck. Does anyone have this problem? Which company did you go with? TSC is the only one who said they could insure it, but I haven’t heard much about this company. Is it any good? Any complaints?
Thanks
Brooklynista – beware of TSC direct. They upped our HO insurance halfway through year one – by a substantial amount. Then it increased substantial again for year 2 . We are now in the process of switching, as we are now over insured. I hope you have better luck with them then we did
I guess I like him so much I posted it twice.
Try calling Chuck Chernick:
Charles M. Chernick, J.D.
Arthur Chernick Co., Inc.
370 Lexington Ave. #1400
New York NY 10017
T:212-697-2147
They’ve been in the business for generations and they specialize in home and townhome insurance. I’m an architect and I’ve recommended him to my clients before, for insurance specifically geared towards homes during the construction process.
Chuck’s excellent at what he does, and is very creative thinker. He’ll get you insured the right way specifically for you.
Try calling Chuck Chernick:
Charles M. Chernick, J.D.
Arthur Chernick Co., Inc.
370 Lexington Ave. #1400
New York NY 10017
T:212-697-2147
They’ve been in the business for generations and they specialize in home and townhome insurance. I’m an architect and I’ve recommended him to my clients before, for insurance specifically geared towards homes during the construction process.
Chuck’s excellent at what he does, and is very creative thinker. He’ll get you insured the right way specifically for you.
After 16 years with Allstate, and never once having submitted a claim, and living nowhere near the shoreline, we were recently dropped by them on the bogus claim of their needing to reduce their hurricane risks. They then upped our auto insurance premium on the basis that, by no longer having home insurance with them, we were no longer eligible for a multiple lines discount with the company. So much for being in “good hands with Allstate”!
At any rate, we moved over to TSC Direct for a few reasons: They were recommended by Allstate as well as by a friend who had also been dropped by Allstate, their rates were fairly even with those of Allstate, and we felt we didn’t have a whole lot of time for researching alternatives. So for now, we have coverage and we’ll use the next year to do thorough research at a leisurely pace as to whether we should stay with TSC or not.
Good luck!
legion, no one’s “due” for a hurricane. They’re random.
as far as the robbery goes: would you run a private insurance company where you compete with a state-sponsored program?
go finish your Ralph Nader book.
I had the same problem. Allstate dropped us. Our insurance agent got us a policy from Adirondack Insurance: http://www.aie-ny.com/
thanks for that, legion. what an asshat.
Allstate is getting away with practically large scale robbery.
They have been insuring in NYC for decades and now, after years of collecting premiums with no major disasters, they are taking the money and running.
Supposedly, they are to pull out of the area 1% at a time, but from what I’m seeing they are leaving much faster.
Same goes for other major insurers.
New York state runs it’s own insurance program, you’ll have to get a windstorm inspection though. The prices are reasonable however.
Bottom line, NYC is due for a major hurricane or storm. It’s happened before, 1930’s a Cat. 3 hit near JFK,
in the 1890’s it must have been a Cat. 4 or 5 because it took out an island off of the rockaways which used to be a summer resort (it no longer exists)and lower manhattan was completely flooded as well as large areas of southern Brooklyn.