It has nothing to do with INsurance companies and everything to do with REinsurance companies Vermont Mutual, Quincy Mutual, Commerce, et. al would love to write the high priced homeower's coverage on the Cape . . . however they are prevented from doing so by there reinsurer.
Mike your point on the FAIR PLan is a fair one . . . but what is the alternative? Individually underwrite every risk . . . the "descrimination" lawyers would have a field day so the Plan arrived at territorial boundries.
Before you go off and b!tch about insurance companies read this thread right here on SB.com . . . some have an "eltitlement" mentality that raises the cost of insurance for all . . .
http://www.striped-bass.com/Stripert...ad.php?t=36105
And to answer the obvious question, yes, I work in the insurance industry (although not P&C) and own a home on the Cape (FAIR Plan)
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