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State Farm Dropping Coastal Homeowner Policies

Hundreds of homeowners who live on one of North Carolina's barrier islands and are insured by State Farm will soon need to find a new insurance company.

That's because State Farm says it is no longer going to write homeowner policies on the barrier islands.

State Farm says it will impact about 1,600 homeowners. Homeowners will be getting the notices in March.

The insurance company says it affects all policies east of the Intracoastal Waterway, including the Outer Banks, the Crystal Coast and Topsail Island.

Company spokesman Russ Dubiski says the change will start with policies on May 1st. The company will start sending out notices in March.

He called it a difficult decision and that the barrier islands present a geographic challenge for the company. Dubiski says State Farm continuously accesses their exposure to loss and needs to protect their financial strength.

State Farm says it will continue to write policies for the coastal mainland.


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