Coastal High Value

Whether your primary or secondary residence is located along the coast of Maine, it is essential to partner with an insurance specialist who understands the unique risks and can deliver the appropriate protection. Foley Insurance Agency understands these risks and provides comprehensive coverage for our clients.

Recently, many insurers have reduced their willingness to underwrite new business on the Maine coast, with some restricting eligibility to properties located more than one mile from the shoreline. Existing coastal policies are often renewed with significant wind and hail deductibles—commonly at 1% or 2%—which may mitigate the company’s risk but does not reduce the financial exposure for property owners.

To address these challenges, Foley Insurance Agency has partnered with Openly Insurance Company to offer tailored solutions for coastal risks. Openly’s products feature innovative coverages and limits designed to meet the needs of coastal homeowners, including guaranteed building replacement up to $5 million and unified deductibles without separate wind or hail requirements.

Give us a call and see what Openly and our agency can do for you.