by The Associated Press
Published: Thu, January 29, 2009 - 10:15 am CST
JACKSON, Miss. (AP) - State Farm says it will resume sellingrenters insurance in parts of Mississippi away from the Gulf Coast.
Company spokesman David Majors said Wednesday that State Farm
will still not selling new homeowners policies anywhere in the
state, but will sell renters policies except in Jackson, Harrison
and Hancock counties.
Illinois-based State Farm stopped selling new homeowners and
renters policies in February 2007, citing the avalanche of legal
challenges that followed 2005's Hurricane Katrina.
Majors says some existing policyholders, mainly north of
Interstate 10, will be allowed to reduce their hurricane deductible
from 5 percent of their policy value to 2 percent, if the customer
had auto insurance with State Farm as of Nov. 1, 2008, and agrees
to pay extra.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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