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Waterfront Homes Demand an Even Higher Price!
Where waterfront property always demands a premium price now it comes at an even higher price!  
There are approximately 16 million households along the Gulf of Mexico and the Atlantic seaboard. In fourteen of the top fifteen states, homeowner’s insurance rates have risen by at least 44 percent in recent years. Florida has seen rates soar 91 % from 2003 – 2010* and now have the dubious accolade of being hit with the highest homeowners insurance rates in the nation. In general it’s the  coastal regions which are seeing the largest increases, however nationwide the cost of homeowners insurance has risen 36% from 2003-2010* with more hikes expected in the aftermath of  Irene and Sandy, and the recent catastrophes in tornado alley.
As claims have been on the rise with 39% of nationwide homeowners insurance claims payments paid out between 2004 to 2001 compared to 25% from 1997 to 2003, severe weather is seen as the major cause. However, insurers in an attempt to lure customers to more profitable life and auto insurance, appear to have been selling homeowners insurance too cheaply. Some regulators may also have been holding prices down in some states too, according to Rober Hartwig, president ... more

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