Tag Archives: insurance

FEMA Drafting New Flood Zone Maps

The Federal Emergency Management Agency (FEMA) is currently drafting new flood zone maps. The proposed changes will greatly affect many residence of Carteret County and the Crystal Coast. The last time flood zone maps were updated was back in 2003 using information dating back to the 1980’s. The greatest area of proposed change will impact those properties in the V flood zones along our coast line. V flood zones require a more stringent set of building codes and...
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Flood Insurance Rate Change Coming

Flood Insurance. Get ready! The National Flood Insurance Program will be raising rates October 1, 2013. Will you be affected? Will there be additional rate hikes coming to the coast? In 2012, the U.S. Congress passed the Flood Insurance Reform Act of 2012 which calls on the Federal Emergency Management Agency (FEMA), and other agencies, to make a number of changes to the way the NFIP is run…

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Homeowner Insurance Rates to Increase

Homeowner Insurance Rates. On March 5, 2013 Wayne Goodwin, North Carolina Insurance Commissioner signed an agreement with insurance companies allowing a statewide rate increase of homeowner insurance of on average 7 percent. The actual rates vary tremendously according to individual territories within the state. The North Carolina Rate Bureau, which represents the insurance companies, had requested an overall statewide….

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Coastal Property Insurance Pool

The Coastal Property Insurance Pool, formerly known as the Beach Plan, was created in 1969 by the North Carolina General Assembly to provide an adequate market for essential property insurance, ensuring the economic welfare of the beach and coastal areas of North Carolina. The Coastal Property Insurance Pool is not a facility of North Carolina state government; however, the plan of operation is subject to…

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