High Risk Homeowners Insurance Alabama

Alabama is a beautiful place to visit and live. With its gorgeous country landscapes, breath-taking mountain views and white sand beaches, Alabama offers a little bit of everything. Its rich history and historic antebellum homes bring tourist from around the country all year long.

If you choose to live on or near the Alabama beach, you know the value of protecting your home with proper insurance. Your home has great value and fully insuring it is very important. What people often do not consider is that a home could be considered high risk even if it’s not in an obviously hazardous area. High risk simply means that an insurance company suspects that you are very likely to file claims more often than others are. Any home that an insurer deems high risk will need high risk insurance.

A home on a known earthquake fault, in a flood plain, or notoriously dangerous area will be considered high risk. If you have filed a lot of claims in the past you may also be forced to get high risk insurance. Many insurance agencies do not offer high risk insurance. It is typically more expensive than a regular policy but having your home covered is very important.

If you cannot secure a high risk policy through your insurance company, you can apply for coverage through FAIR (Fair Access to Insurance Requirements) Plan insurance. This is coverage for homes that other companies will not insure. It can be a lot more costly and the coverage typically isn’t as extensive.

As with all FAIR Plans, consumers are urged to try to find coverage in the private market and we can help you find an agent that can help you find alternatives to the FAIR Plan.