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
- WILLOUGHBY: Bernie Reed cites hard work as key to success of Reed’s Metals
- Half century of memories — Christmas on Deer Creek to celebrate 50th anniversary
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Analyst: KiOR Columbus plant may end up sold as scrap
- Ex-MDEQ leader Fisher joins Butler Snow
- Former MDEQ Executive Director Trudy Fisher joins Butler Snow
- Gulf oil rig explosion kills one worker, injures three
- Federal appeals court: State's abortion law is unconstitutional
- Can Metrocenter rise from the ashes? Again
- Hunting deer? There's an app for that