As part of my continued effort to provide you with the most relevant information, I wanted to reach out with some important updates regarding insurance for your Outer Banks investment. These changes primarily involve Frontline Insurance, which is considered one of the most affordable companies available.
If you are considering selling or buying, be mindful of the following:
- Frontline Insurance will not write a home policy if the hot water heater is more than 15 years old.
- They will allow a maximum of 26 weeks rented. With our extended renting season these days, this could really become an issue. Frontline is strict with the maximum of 26 weeks of rental. Renting for more than 26 weeks could seriously affect a claim.
- Effective this year Frontline will no longer write any policies in Dare County on homes older than 1/1/2005. This leaves the only wind insurance option to NCIUA.
- If your home has polybutylene pipes, only a dwelling policy can be issued and no coverage exists on any issues with those pipes. Replacement of the fittings is no longer a suitable fix. The dwelling policy is more expensive and doesn’t offer as good coverage. Replacement of the fittings is no longer a suitable fix. Insurance agents recommend avoiding homes with Poly Plumbing – or – have the owners re-plumb the home prior to purchase.
This information is just to create more awareness. I have some good local contacts if you have further questions, just let me know.
