Homeowners in hurricane-prone areas are at sea when it comes to insuring their property, and they don't know what to expect when it comes to renewing their policies. Following the wreckage caused by the four hurricanes that hit Florida in 2004, and then by Hurricane Katrina in 2005, some insurers simply refused to renew coastline policies. In February 2007 State Farm, the largest insurer in Mississippi, stopped selling new policies on homes and small businesses there. Allstate Insurance announced it would restrict new homeowners policies in New Jersey, Connecticut, Delaware and New York City, out and out refusing to write policies in spots likely to get hit by hurricanes.
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