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Old 05-16-2007, 04:12 PM
Senior MemberCaptains Club Member
Join Date: Sep 2001
Location: Chatham Mass
Posts: 588
Default Re: Lower insurance rates...

Up here in Mass the 2 biggest insurers dropped Cape My proprtyis 2 miles from the coast but I was put into the new FAIR plan. The state runs it. My bill went up almost 300% Doesn't sound fair to me. Its a pain for your broker because he has to redo all the policies but only gets 5% commissiion, not 10%. But since the bill tripled, he makes out OK also.
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