Home Insurance in Brooklyn>Question Details

Giovanni, Real Estate Pro in 11218

Insurance for close to water property.

Asked by Giovanni, 11218 Fri Feb 27, 2009

I am researching a property that is 2,500 feet or less from the water and the normal insurance companies won't insure it. Who will? Is that insurance more expensive than regular insurance?

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5
Rhonda Holt’s answer
Think about it, property close to water is more likely to be damaged from storms and so forth, which means the insurance company will not cover you or will charge you more because it is more likely that the insurance company will have to cover you at some point or another.
Web Reference: http://www.KandHhomes.com
0 votes Thank Flag Link Wed Jun 10, 2009
No some companies don't want the risk. I have water about 1000 ft from water and had to use an agent out in the island to write the policy with a Massachusetts insurance company
0 votes Thank Flag Link Tue Jul 9, 2013
try Capital Insurance At 718-626-611...they get me insurance with no broblem
0 votes Thank Flag Link Tue Mar 26, 2013
Shop around. Spending some time shopping for insurance can seem like a bother but will save you hundreds if not thousands per year. Also your neighbors or future neighbors are insured, you could ask people at a local park or coffee shop close to the home. Calling several agents will definately get you some good information.

The Home Insurance Specialists
Web Reference: http://www.getgliga.com
0 votes Thank Flag Link Thu Jun 4, 2009
You are probably going to have to go through Lloyd's of London for anything under 2500 feet. The US company I know that goes the closest to water is State Farm. Lloyd's will give you a quote.

In the interim, call Peter Kelly (516) 599-5400 at State Farm for some honest (and free) advice.
Web Reference: http://GailGladstone.com
0 votes Thank Flag Link Fri Feb 27, 2009
ok..try Capital Insurance at 718-6266111 ...they get me insurance with no broblem
Flag Tue Mar 26, 2013
ok ...try A-Capital Brokerage at 718-626-611 ...i was able to get insurance with no broblem....
Flag Tue Mar 26, 2013
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