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Home Tags Fair Plan

Tag: Fair Plan

CLOSER INSPECTIONS: As property insurers tighten their underwriting requirements, they now must give homeowners more notice of nonrenewal, according to a new state law intended to give the owner more time to find a replacement policy. 
COURTESY MOTT & CHACE SOTHEBY’S INTERNATIONAL REALTY

Homeowners facing nonrenewal get more time to find coverage

Financial Services
When Sen. ­Victoria Gu went looking for homeowners’ insurance for her house in Westerly six months ago, she found that both where a house...
CHALLENGING MARKET: Butler & Messier Inc. insurance agent Ernie Shaghalian, left, chairman of the Government Affairs Committee of the Independent Insurance Agents of Rhode Island, meets with Mark Male, CEO and president of Rhode Island Association of Insurance Agents Inc. Shaghalian says the property insurance market is the worst he’s seen it in 45 years.
PBN PHOTO/MICHAEL SALERNO

Pullback by insurers adds to difficulty of house hunting

Financial Services
Finding a home in Rhode Island is difficult enough these days, but after prospective homebuyers pinpoint the rare house in their price range and...
FIRST OF A KIND: Ten years ago, this South Kingstown house on Teal Drive was the first in Rhode Island to be constructed to the Fortified building standard developed by the Insurance Institute for Business & Home Safety in 2010. There are bills in the state Senate and House to make funding available for more homes to be “hardened” against extreme weather. 
PBN PHOTO/ELIZABETH GRAHAM

Fortified homes needed, but they’re not cheap

Focus
The 2,400-square-foot clapboard-covered home overlooking Green Hill Pond in South Kingstown didn’t look particularly extraordinary among the other houses along Teal Drive when it...
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