Homeowners insurance on an island

[codeman671]

Originally Posted by Island-Ho

What we need are recommendations based on claim history/service, not the lowest premium. If you are paying a low premium that probably reflects a lower amount paid in claims. This can be due to several factors, including assumed risk, but is probably based on their ability and success to deny your claim. I have a long history of excellent claim settlement with AMICA, both on vehicle and homeowners insurance. Unfortunately they probably won't insure you if you are on an island unless you can drive there.

Based on what you stated above, having plenty of past claims no matter what the outcome will drive your rates up. I have never made a homeowners claim, no boating claims and minimal car claims. As you are probably aware, insurance companies use a risk rating system similar to a credit score that is directly related to your tier.

Not having past claims, I really can't comment on who gives better service in times of need.