Finally, there's good news on the property insurance front-----More companies have entered our local market and some prices have fallen. 

According to State Insurance Commissioner, Scott Richardson, a former state senator from Hilton Head, 12 new companies have started business in South Carolina since 2007 with 3 more expected in the next 90 days. 

IMPORTANT KEY POINTS TO CONSIDER:

Condominium policies have fallen as much as 50-60% in the Hilton Head markets.

Insurance cost is rated based on our STATE EXPERIENCE.  (thank goodness for that, right?)

ALLSTATE INSURANCE hasn't written a new policy in the Bluffton area for 2 years.

Check your policies for a detailed explanation of your wind and hail coverage.  It's vital that you are aware of your coverage

So, the $1,000,000 question---WILL THIS TREND CONTINUE?  Their's reason for optimism baring any castrophic hurricanes.  Good news for Hilton Head?  We haven't had a major hurricane for over 100 years.  Sounds good to me!

Please visit my website for Hilton Head and Bluffton Real Estate Information.  I welcome your inquiries, questions and referrals.