ANOTHER Proposed Insurance rate INCREASE in Emerald Isle NC

 The NC Rate Bureau (the entity representing NC insurance companies) is proposing yet another
homeowners insurance rate increase Emerald Isle and Coastal North Carolina.

The NC Rate Bureau is seeking a 35% increase in homeowners insurance rates.
This is coming after the following insurance increases to the North Carolina Coastal area in the past years:

2005 – 15% rate increase APPROVED
2007 – 25% rate increase APPROVED
2009 – 17.5 % rate increase APPROVED
2013 – 19.8% rate increase APPROVED

Homeowners in Emerald Isle NC and other barrier islands already pay the highest rate in North Carolina

If this proposal to increase the insurance rate is improved it would make Emerald Isle rates 6 times higher than some other areas in NC.

Let your voice be heard, they are taking all public comments to this proposal until January 31, 2014. Email 2014homeowners@ncdoi.gov.

To view the entire proposal please click here.

 

Kathryn Gorham | Sun-Surf Realty | Emerald Isle North Carolina

2010 President Women’s Council of REALTORS® Crystal Coast Chapter
252.646.4656 cell · 252.354.2958 office
Southern Outer Banks NC | Crystal Coast NC | Coastal Carolina

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