Protecting Your Coastal Oasis: The Essentials of Coastal Home Insurance

Owning a coastal home presents a unique blend of idyllic ocean views and heightened risk. Unpredictable elements such as wind, water, storms, flooding, and severe weather events, including hurricanes and nor’easters, can lead to significant property damage.

These risks make obtaining comprehensive insurance coverage challenging, especially with the understandable but nonetheless scary trend among providers to limit coverage options, reduce policy terms, or both. Let’s take a closer look at what coastal home insurance entails and why it’s important to have this vital coverage.

What Is Coastal Insurance?

Coastal home insurance is a specialized policy tailored for homeowners living in coastal areas exposed to unique risks like storm surges, natural hazards, and flooding. This coverage protects homeowners from significant property damage and financial loss. This policy encompasses property damage, liability protection, and additional living expenses.

Coastal homeowners can also augment their coverage with flood and replacement cost insurance options. Homeowners must evaluate their needs, explore various providers and coverage options, and consult a seasoned insurance advisor to ensure comprehensive protection.

Navigating Coastal Home Insurance: Comprehensive Protection for Your Waterfront Property

At Dickstein Associates Agency, a Division of Risk Strategies, Co., we recognize the challenges of adequately protecting a cherished seaside home. Drawing on 55 years of experience and market access, we’re uniquely positioned to secure robust coverage for coastal residents. From homes on the Jersey Shore to properties in South Hampton and Miami, we offer Property and Liability insurance tailored to your unique needs.

We work with a network of A-rated insurers to provide competitive coverage options for your waterfront property. Our coverage options extend to family homes, high-value waterfront houses, and coastal secondary homes, allowing us to craft insurance programs that suit your needs. Our comprehensive coverage includes the following:

• Property Insurance: Safeguard your dwelling, contents, and personal possessions, and cover losses of use or rental income.
• Valuable Articles, Jewelry, Fine Arts, and Collections: Protect your treasured possessions with targeted coverage.
• Flood Insurance and Excess Flood Insurance: Prepare for the risk of flooding with specialized coverage options.
• High Liability Limits: Secure peace of mind with comprehensive liability coverage.
• Umbrella and Excess Liability Insurance: Extend your coverage for additional protection against potential liabilities.

Essential Policy Features to Address Underinsurance

The American Property Casualty Insurance Association (APCIA) has discovered an alarming trend: many insured homeowners fail to adjust their coverage to keep up with inflation and rising building costs, potentially leading to financially devastating underinsurance problems. The increasing severity of storms and fast-rising rebuilding costs, including labor and materials, make reviewing your coverage limits and policy features annually critical.

To provide peace of mind that your home and family are adequately protected, we recommend including these essential coastal home insurance policy features.

• Replacement Cost Coverage pays the amount needed to rebuild the home with similar quality materials, and Extended Replacement Cost Coverage offers increased coverage when costs escalate following a natural disaster.

• Automatic Inflation Guard adjusts to keep pace with rising costs and Building Code and Ordinance Coverage, which ensures that rebuilding efforts comply with evolving building codes and green energy ordinances.

• Additional Living Expense (ALE) Coverage increases limits on standard Additional Living Expense (ALE) coverage to provide additional protection that covers hotel and food costs during extended rebuild periods.

Altogether, these features help ensure your policy keeps pace with rising costs and evolving regulations.

Secure Your Coastal Home Today with Comprehensive Coverage

Your coastal home deserves the best protection. With Dickstein Associates Agency, you can rely on our expertise to secure comprehensive coverage. Protect your coastal home from potential natural hazards today. Call us at 866-271-4459 today to discuss your coastal home insurance needs.