I was quoted a 250% increase in my homeowners insurance. I am .8 miles away from the beach and have had zero claims. Does that sound reasonable?

Asked by rick.tarbox, Rehoboth Beach, DE Tue May 28, 2013

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Annette Lawrence’s answer
Annette Law…, Agent, Palm Harbor, FL
Wed May 29, 2013
Here in Florida, homeowners and flood insurance both are to become significantly (mulitple) more expensive.
The Realor.org link provided by the Dean Team is very revealing.
"Beachey' properties, even those .8 miles away from the sand, are being dirven toward self-insured situations. That means 'Cash' buyers.

Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
0 votes
Leslie Byrne, Agent, Millsboro, DE
Wed May 29, 2013
Hi Nick,
Please call 2 different insurance companies (besides your own) to get the best response to that question. This would be out of a real estate agent's scope.
0 votes
Judy & Fred…, Agent, Lewes, DE
Tue May 28, 2013
Here is a report from National Association of Realtors recent Mid-Year conference. Flood Insurance 101.

The Dean Team
0 votes
Keith Jean-P…, Agent, East Brunswick, NJ
Tue May 28, 2013
That is about right, prices are going through the roof. I suggest shopping around but overall people near the beach are going to see a skyrocket in their premiums. A client near me just saw a 350% increase.
0 votes
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