More insurers writing wind coverage policies on Coast
Published: May 7,2012
MISSISSIPPI GULF COAST — 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 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.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- DAVID DALLAS — Roger Wicker: Profile in discouragement
- Tommy Robertson indicted on five counts of embezzlement
- BILL CRAWFORD — More jobs, but fewer with jobs, huh?
- ANITA MODAK-TRURAN — Mississippi’s motion picture renaissance
- Despite obstacles, craft beer industry growing
- State's ventures into alt-fuel markets net few jobs
- Watch out for wildlife while driving on roads, highways
- Ecolab reducing Columbus workforce
- Finding your flexible space — Regus banks on high demand for customizable work spaces