Homeowners Insurance
Finding solutions for turbulent insurance market
A Cape and Islands lawmaker is trying to bridge the growing gap between homeowners and a turbulent insurance market with the introduction of two new legislative bills aimed at providing relief and expanding coverage. But the changes may not...
FAIR Plan insurance creates workaround on $1 million cap
The most common insurance plan on the Island, which several thousand locals rely on, has announced a new policy change that will make it possible to fully insure homes worth over a million dollars.
The Massachusetts Property Insurance Underwriting Association,...
Tariffs could further increase home insurance prices
The implementation of tariffs on lumber, oil, and other products related to construction could have a direct impact on housing and home insurance costs in Massachusetts and the Vineyard where residents have already been hit with inflated insurance costs.
President...
Opening up uncertainty
Editor’s note: This story was in collaboration with the Cape and Islands NPR station CAI, and reporter Eve Zuckoff. It is the latest in a series of articles pursued to understand the impacts of climate change and the threats...
Wildfires, insurance turbulence mark an unnerving turning point
If there are still any doubters, the apocalyptic images coming out of Los Angeles should be the proof everyone needs that climate change is not only real, it is an existential threat to our way of life.
National news night...
‘I am paying a fortune to insure my home’
Many Vineyarders are frustrated, and are struggling to not only find an insurance company to protect their home, but to pay for the ever-increasing costs of homeowners insurance. And that has been evidenced in a new, informal survey created...
Vineyard flagged with third highest insurance nonrenewal rate in the country
A U.S. Senate advisory committee has released a bleak report warning of a national recession similar to the 2008 housing crash, which could be spurred by climate change — stronger storms and wildfires — because of its impact on...
Major insurance providers are leaving Martha’s Vineyard
Updated, Dec. 12
Home insurance on Martha’s Vineyard is getting harder and harder for locals to obtain, as several mainstream providers have pulled their coverage from the Island.
Plymouth Rock, Narragansett Bay Insurance, Openly, and Swift are among the bigger names...
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