Residents of Vermont should be able to count on their homeowners insurance to pay claims for damage caused by Hurricane Irene. And they should consider negotiating with their insurers if they don’t get the claim coverage they need.
Why? Because claims from Hurricane Irene shouldn’t cause financial problems for the state’s homeowner insurers.
Despite the devastation left by the hurricane as it became a tropical storm and drowned the green mountain state last weekend, there is some positive news for the state’s recovery …
Weiss Ratings, the nation’s leading independent provider of financial strength ratings for the insurance industry, confirmed that all 36 homeowner insurers with 2010 premium income of more than $1 million in Vermont received a Strong or Fair rating.
No one insurer dominates the Vermont homeowners’ insurance market. So while …