What type of insurance does the Coastal Property Insurance Pool primarily focus on?

The Coastal Property Insurance Pool primarily focuses on residential property insurance. This type of insurance is essential in coastal regions, where homes are often subject to various risks such as hurricanes, flooding, and other natural disasters. The Pool was established to provide coverage for homeowners who may have difficulty obtaining traditional insurance due to the higher risks associated with coastal properties.

This focus on residential property insurance reflects the specific needs of homeowners in areas prone to severe weather conditions. It allows them to secure protection for their homes and personal property against common risks, which can be critical for maintaining stability and security in these vulnerable areas.