Narragansett Bay Insurance Company Press Releases


Press Releases

Guaranteed Replacement Cost now available in NJ, RI, MA & NY
Narragansett Bay Insurance introduced Guaranteed Replacement Cost Coverage to the states of New Jersey on 06/15/2015, Rhode Island on 08/22/2015 and Massachusetts on 02/01/2016. We will now be expanding the offering of Guaranteed Replacement Cost to the state of New York for new policies issued (and renewal business processed) on or after 06/15/2016. If your home is destroyed by a covered peril, Guaranteed Replacement Cost will provide coverage to repair or rebuild your home as it was before even if the cost exceeds your Coverage A limit.
Peter Hutchinson Named Assistant Vice President – Rhode Island and Massachusetts for Narragansett Bay Insurance
Narragansett Bay Insurance Company announced that Peter Hutchinson has been named the company’s Assistant Vice President – Rhode Island and Massachusetts Territory Manager. Mr. Hutchinson will be responsible for developing and maintaining strong and productive partnerships with NBIC’s agents and industry associations, driving profitable growth, and ensuring exceptional service delivery in Rhode Island and Massachusetts.
Service Line Coverage now available in NY, NJ & MA
NBIC is thrilled to begin offering the valuable endorsement "Service Line Coverage" to the states of New York, New Jersey and Massachusetts effective 06/15/2016. Service Line Coverage is an optional endorsement which provides payment for loss or damages resulting from a service line failure. A service line constitutes underground piping and wiring that is located at the residence premises and produces a service, such as delivering water or power to the dwelling or other structure from a utility or private water supply. A service line failure is physical damage that results in a leak, break, tear, rupture, collapse or arcing of a covered service line. Many utility carriers offer this protection for $75-100 or more annually. NBIC's Service Line Coverage has a $10,000 limit with just a $500 deductible and costs only $22 per year!
NBIC now offers Home Systems Protection to NY, NJ, RI and MA policyholders
Narragansett Bay Insurance is excited to announce the latest enhancement to our Homeowner product. Effective May 1, 2015 in New York, June 15, 2015 in New Jersey, August 22, 2015 in Rhode Island and February 1, 2016 in Massachusetts, we are including Home Systems Protection coverage on all homeowners policies. Home Systems Protection complements existing homeowners coverage and helps eliminate costly gaps in traditional homeowners policies. Examples of covered systems are water heaters, boilers, well pumps, central air, and home security systems. Coverage will be provided for up to $100,000 (including Personal Property coverage) and will be subject to a special deductible of only $500. This coverage will be on all homeowners forms (HO-2, 3, 4, 5, and 6) and will roll-out on a state-by-state basis. We will announce when the coverage is available in each state. In addition, Home Systems Protection includes complimentary and unlimited access to MyHomeWorks ™, a valuable online suite of easy to use interactive home management tools that can help you increase home energy efficiency, save money, and keep an online inventory of all home assets.
Preventing Frozen Pipes
Narragansett Bay Ranked as One of the Fastest Growing Companies in SNE
Fastest Growing Private Companies, $75 Million and Above
Narragansett Bay Promotes 13 Employees
Timothy Moura Named Senior VP at NBIC
Narragansett Bay Insurance Company (“NBIC”) announced today that Timothy Moura has been named the company’s Senior Vice President, Marketing, Agency and Client Services.
NBIC increasing its commitment to coastal homeowners
Narragansett Bay Insurance Company (NBIC), one of the region’s leading insurers of coastal homes, has increased its commitment to insure coastal properties on Cape Cod, Plymouth County, the North Shore, Nantucket, Martha’s Vineyard, and Rhode Island through select agency partners.
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