Monomoy Insurance Group and Rogers & Gray Insurance have launched an admitted residential homeowners product in Massachusetts through a partnership with Spinnaker Insurance Company (Spinnaker), a national property and casualty insurer.
Monomoy Insurance Group was established with a goal of meeting the needs of an underserved insurance market and offers rates comparable to the Mass Fair Plan, but with enhanced coverage options.
The new product seeks to be an alternative to the Mass Fair Plan to protect homeowners in areas that many insurance carriers shy away from due to the risk of severe storms, according to a press release announcing the product’s launch.
Monomoy’s products are available exclusively through Rogers & Gray Insurance. Rogers & Gray was the leading agency behind the partnership with Spinnaker and the creation of Monomoy Insurance Group.
Source: Rogers & Gray Insurance
Topics New Markets Homeowners Massachusetts
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