Insurance Rates on the Rise in Nantucket!
A perfect storm is barreling towards the island! This storm will impact all homeowners on the island. No, we’re not forecasting a Nor’easter, we’re talking about the current state of the insurance “hard market” here on Nantucket.
WHAT IS A “HARD MARKET”
A hard market occurs when insurance carrier capacity for risk decreases, and insurance premiums increase. The result is more expensive and harder to find insurance coverage options. This is an industry wide issue affecting homeowners across the country, but coastal areas like Nantucket are hit especially hard because some carriers are choosing to leave the market entirely.
WHAT CAN BE DONE?
With an office right here on the island, we understand the issues that impact you. The team of insurance professionals at RogersGray are leveraging our size and scale to stay on top of changes and find alternative options to help lessen the impact for clients. We have access to a variety of carriers that other agencies just don’t have.
If you would like to get ahead of the storm and explore your options, complete the form above or stop by the office located at:
137A Orange Street
Nantucket, MA 02554