Traditional insurance companies are still generally avoiding coastal risks. But a few companies new to Mississippi’s coastal market are writing wind coverage for well-built homes near the waterfront. So are insurance carriers that are not licensed in Mississippi.
Angelyn Treutel is an independent insurance agent and vice president of the agency South Group Insurance Gulf Coast. She tells The Sun Herald that many more companies have come into the market.
They include PURE – for Privilege Underwriters Reciprocal Exchange – which offers coverage for houses valued at $750,000 that have hurricane fortification. Coastal American, founded in 2010, targets well-built or newer homes valued at $100,000 to $300,000.
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