Also called coastal homeowners insurance or beach house insurance, this type of coverage is specifically tailored to the unique risks that come with owning a home near the coast — namely storm and water damage.
Since homeowners insurance doesn’t typically cover the types of events that coastal homes are predisposed to (such as floods, wind, and hail), policies for coastal properties are generally more comprehensive. This type of coverage is ideal for anyone who owns property within a couple miles of the water.
In addition to the typical risks associated with homeownership, owning beachfront property comes with a unique set of hazards. Common risks that coastal property insurance can help mitigate include:
Anyone who owns property along the coast — whether as a primary residence, holiday home, or vacation rental property — should carry a coastal property insurance policy. It’s important to keep in mind that even though your home may not be directly along the shore, it still may need coastal coverage if located within a certain proximity. Coastal property insurance is strongly recommended for:
The coverages that coastal property insurance offers may differ depending on your unique situation, but these are the most common:
On average, homeowners insurance in Massachusetts costs $1,300 annually (based on $250,000 in dwelling coverage) but you can generally expect policies that cover coastal properties to be more expensive. When it comes to determining premiums, there’s no one-size-fits-all approach, and what you’ll pay for your coverage varies.
Factors that help determine coastal property insurance premiums include:
When you submit a claim, you can expect the following items to be covered by your policy:
Specific event coverages will depend on the types of supplemental insurance you add to your policy.
Homeowners insurance of any kind is not required in Massachusetts. However, it is strongly recommended that you carry a policy.
When it comes to determining policy premiums, there’s no one-size-fits-all approach, and what you pay will depend on several factors that are unique to your situation.
Every home and property is unique, which means that there’s no “best” option — only what’s best for you.
Your home is too important to be left vulnerable to the risks that come with living by the water. Discuss a coastal property insurance policy with a C&S Insurance agent today — a small investment now could protect your home in the future.