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Help fight the Fair Plan Rate Increase: Send a letter telling of your problems with insurance costs and increases to the Docket Clerk, Hearings and Appeals, Division of Insurance, 1000 Washington St. Suite 810, Boston MA 02118. Letters are accepted until the end of February.
Click here for a sample letter to the Docket Clerk
Report of Bus Trip To Testify:
Coastal Citizens joined voices Thursday Jan 19,2012 to fight the Fair Plan Rate Hike Request and rode by bus to Boston to testify before the Hearing Officer at the MA Division of Insurance .
30 citizens led by Paula Aschettino- Chair of Citizens for Homeowners Insurance Reform- filled the hearing room.
Citizens spoke of the great financial burden of the high rates. Many told of living 70 yrs near the coast and never having losses from hurricanes. All complained of the continued increases to the replacement values of their homes which increases the premium and the deductibles.
Congressman Wm Keating and Senate President Murray sent testimony speaking against the rate hike.
Senator Dan Wolf gave a very impressive testimony and asked the DOI for careful review and investigation into this problem.
Sincerely, Paula Aschettino
Chair -Citizens for Homeowners Insurance Reform
insreform@aol.com
www.homeownersinsurancereform.org
508-240-5231
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HOW YOU CAN HELP - Please print out all sample letters and sign them with your name and address. If you live out of the coastal area, put your coastal property address on as well. Mail these to addresses found on our contact page.
You may add any insurance history to these letters if you wish.
We continue to demand Homeowners Insurance Reform in Coastal MA.
No Major Storms again for 2008. Yet, coastal rates remain the highest in the State.
Our approach to achieve Reform will be to:
The Duties and responsibility of the Commissioner to protect citizens exist under MA General Laws. We want implementation of these regulations by the Commissioner so that:
Premiums shall not be excessive and premiums reduced when proven excessive.
We want a meaningful appeal process for citizens on replacement values.
The Commissioner requires all data from insurers when reviewing a rate increase and we want expenses, re-insurance contracts, profits to be part of this data and make these public.
The Commissioner shall require Insurers to give written proof the models used for predicting hurricane loss, have used MA data and features.
Clarify that wind deductibles shall be triggered by Hurricanes only and capped the deductibles at 1%.
Hold public hearings for all rate hike requests.
ASK FOR CONTINUED HELP FROM THE ATTORNEY GENERAL to oversee the protection of coastal citizens from excessive rate increases and shift of risk to citizens by Insurers.
The Cape and Islands had almost the lowest number of wind claims in the state in 2007 which has been typical of the records shown in the past 15 years. Yet, according to the premiums charged by the Fair Plan and the Private Insurers, we pay the highest rates in the state.
Citizens for Homeowners Insurance Reform, a grassroots organization which was created in October 2006 has over 6000 members and is working for reform to the homeowner insurance crisis in Coastal MA.
Sincerely yours,
Paula Aschettino
Chair/Founder
Citizens for Homeowners Insurance Reform
21 Smith Street
Eastham, MA 02642
508-240-5231
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