Public Comment Period for NC Rate Bureau Insurance Rate Increase Ends Friday

The NC Rate Bureau has requested an 18.9 percent increase in the Dwelling insurance rate from the NC Department of Insurance (NCDOI).  The NCDOI is accepting public comments through Friday, March 23, 2018 on the filing.  Dwelling insurance policies differ from homeowners policies in that they apply to properties not occupied by the owner as a primary residence. These include second homes, rental properties, and investment properties.

Comments on the rate increase request should be emailed to 2018DwellingandFire@ncdoi.gov through March 23.
The Chamber of Commerce has provided an easy to use form to submit comments – click here.

View the Department of Insurance press release here.  View the filing here.

Download the statement from the Outer Banks Association of Realtors and the Outer Banks Home Builders Association here.