Posted: 28 Feb 2011 05:57 AM PST
I can hear the calls to the insurance agents now. “What do you mean my homeowners insurance just went up a hundred dollars because of a hurricane risk? I live 200 miles from the #$%#$% coast!”
Well the agent can blame new technology. A new modeling software package from Risk Management Solutions, Inc. that goes way beyond the criteria that other models project.
Gone are the days where only those living in the coastal regions of hurricane country have to bear the brunt of the extra fees in their homeowners insurance. Now the risk will be spread out further and wider.
Of course, if you live on the coast don’t expect your premiums to go down any. That would be just crazy.
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Homeowners Insurance Rates May Rise With New Hurricane Modeling Software
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