Tag Archives: policyholders

Flood Insurance Act Increases Rate

Flood insurance. It is a necessity for a good portion of home and business owners along coastal North Carolina. Flood insurance is a necessity that can save you if impacted by an event but can also feel like it can break you if the rates are too high. The rates started a mandatory rise due to an Act passed last year by Congress. Fortunately not everyone will be affected by this increase….

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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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