Homeowners insurance increases rejected by Massachusetts

residential homeowners insurance news

The state has shot down the request to hike rates that was made by FAIR for its high risk pool. Regulators in Massachusetts have turned down a request from the high-risk homeowners insurance provider that would have caused premiums for that coverage to rise by an average of 7 percent. The FAIR high risk plan wrote a large number of policies in 2012, according to the Division of Insurance. Though the majority of the areas that have the highest risk of storms and flooding are in the region of Cape…

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