Safeco Insurance to offer wind coverage in South Mississippi
BILOXI, MS (WLOX) - There will soon be one more option for Mississippi homeowners looking for insurance coverage. Mississippi Insurance Commissioner Mike Chaney announced Monday that Safeco Insurance plans to offer homeowners insurance, including wind coverage, right down to the coastline with no restrictions.
Chaney made the announcement live on WLOX's MidDay News. (Click here to watch the complete interview.) He said he expected the company to release more details later on Monday.
Chaney also talked about The National Flood Insurance Program (NFIP), which expired at midnight. Senators failed to pass legislation to extend the program, but Chaney expects that to change this week.
The NFIP will not be able to issue new policies, increase coverage, approve renewal policies or pay claims until Congress approves reauthorization.