Alternative to the New Hampshire FAIR Plan

We can help you find alternatives to the FAIR Plan in New Hampshire. 


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Alternatives to the New Hampshire FAIR Plan

Many people think of New Hampshire as a quaint state nestled in the northeastern United States. However, since 2005, the state has experienced a fair share of destructive natural events.

One of the most common types of natural disasters that plagues homes and businesses in New Hampshire is flooding. The state is particularly prone to three types of flooding:

  • Flash flooding
  • Coastal flooding
  • Main stem river flooding

In 2005, severe floods destroyed the town of Alstead, New Hampshire while taking the lives of seven residents. Devastation struck again a few months later when more flooding took place in May 2006, April 2007, and September 2018.

One of the primary reasons why New Hampshire is so prone to flooding is because of its unique location and topography. As weather systems move through the United States, they tend to collide in New Hampshire and stall, where they then dump torrential rain.

New Hampshire also has many small streams and rivers. When storm systems drop heavy rain, these streams tend to overflow quickly. Unfortunately, there are no drainage possibilities available.

The water has nowhere to go except onto roads and lawns. Many of these streams are in highly-populated areas, which is why residents are such at risk for damage from floods.

Because New Hampshire is so far north, the state also tends to suffer from brutal winters. For instance, Manchester, New Hampshire receives an average of 58 inches of snow annually, which is 30 inches more than the national average.

Natural disasters occur as a result of the cold as well. For instance, New Hampshire suffered a natural disaster from a storm in 2007 that brought snow and ice. More than 145,000 homes in New Hampshire lost power. The highest peak in the state, Mount Washington, saw wind chills reach an astounding -85
degrees Fahrenheit.

A year later, another winter storm rolled through the area in December 2008. This storm resulted in more than 400,000 households losing power. People went so long without power that there was a public outcry against the principal electricity supplier in the state.

The New Hampshire Insurance Department exists to verify that insurance companies are solvent enough to make claims and that they obey the law. While the New Hampshire Insurance Department is useful in this regard, the organization cannot control rates for policies like the FAIR Plan.

As natural disasters have become a more severe problem in New Hampshire, high-risk residents should
keep an eye out for FAIR Plan alternatives to make sure that they’re receiving wholesome coverage at
an affordable price.
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Unable to Obtain Coverage?

Many consumers opt to allow their mortgage companies to add “force placed” or “lender placed” coverage to their homes. The unfortunate issue is that many times the mortgage companies do not make it clear that typically these policies do not cover your personal property, loss of use or even your liability. They are typically insurance policies that the consumer pays for, that mostly benefits a bank and not them. It is without a doubt that mortgage forced policies are the lease safe option in the market.

Since Nevada FAIR Plans are considered the market of last resort, consumers will be best served when they find an agent with the experience in high risk insurance as well right resources and carriers. Ultimately the end goal is to obtain the right coverage at a competitive price and with the right agent that can be accomplished in almost any situation.
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**The contents of this website are provided for informational purposes only and do not constitute legal or coverage advice or an offer or solicitation for the sale or purchase of insurance. If you submit a request for a quote you will be contacted by a licensed agent who can discuss coverage options with you. Consumers are urged to try to find coverage in the private market and we can help you find an agent that can help you find alternatives to the FAIR Plan and other high risk plans. This website is no way affiliated with or sponsored or endorsed by any federal, state or local governmental agency or state fair plan. Insurance coverage not available in all states. **
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