Plymouth Rock the latest to reduce HO commissions

[NY independent]

The marketing rep tells me yesterday that all HO3 identified as "coastal" or with roofs over 20 years old will ultimately be non-renewed and until then, commissions will be reduced to 4%. Their definition of "coastal" is 5 miles from tidal water. That's a significant footprint downstate NY (LI for example). How do they know how old the customer's roof is? Drones? Oh, and they filed another rate increase. Driving to work yesterday, I noticed 5 moving trucks loading up in front of homes within walking distance of my house. There's no wonder why.

 

[Allen Trent]

How do they know how old the customer's roof is?

This is how. Most carriers are buying the satelite AI evaluations of their properties from Betterview: [EXTERNAL LINK] - Property Intelligence & Risk Management Platform for Insurance Underwriting

BTW, does the Plymouth Rock HO policy cover flood? why only the concern of those within 5 miles of coast line?

 

[NY independent]

They don't write flood. They are worried about wind.