Coastal Counties Look To Legislature

North Carolina coastal homeowners saddled this spring with huge increases in their insurance premiums, deductibles and surcharges are seeking help from state lawmakers.

A state Senate committee on Tuesday considers a bill that would temporarily freeze the increased insurance costs. Residents along
the North Carolina coast are facing homeowners insurance premium increases of up to 30 percent.

Also Tuesday, a House judiciary committee will consider a bill that would stop any surpluses collected by the state-backed insurance pool called the Beach Plan from being distributed back to the insurance companies that paid into the fund.

Behind closed doors, legislative leaders are crafting a deal between coastal interests and the insurance industry.

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  • by Sam Location: Williamston on May 12, 2009 at 12:16 PM
    How about they put in a PERMANENT freeze to the increase. As a Martin County resident, it is rediculous to have to pay 30% more when we have had NO damage to our house or my parents house or my sister's house, oh yeah my brother's house which is in Winterville, Pitt County. To EDWIN VARGAS, my dad is keeping in contract with one of his good friends up in Raleigh, and he is one of the big time lawyers in Eastern North Carolina. He said that these increases would be unfair and unconstitutional. To Jimbo, since 1925 dude? Where is your house at?
  • by hello Location: goldsboro,nc on May 12, 2009 at 09:07 AM
    I do not own a home at the beach,but my homeowners insurance went up along with my vehicle insurance.I was told by my insurance agent that I was paying extra to pay for those selfish people that own beach property.Well if that is going to be the case then I deserve to stay in those beach houses at no charge.Just my opinion.
  • by pee dee Location: jacksonville on May 12, 2009 at 09:05 AM
    I think the recent rash of storms that came from the west is proof that the increase in rates for the coast are not warranted. Charlotte had flooding, Wilson and surrounding areas had tornadoes. Jacksonville had regular old rain. No damage, but we have to pay 30 percent more?
  • by Anonymous on May 12, 2009 at 08:53 AM
    I'm sure that the legislators will leave us hanging, because it appearant that they are no longer there to REPRESENT US, but for other political purposes. And that makes us the fools if we leave even one incumbant in office. And that's just how I feel on this beautiful Carolina morning. Buzz-
  • by Jimbo Location: NC on May 12, 2009 at 05:11 AM
    The sad news is that most folks down east don't have fine beach homes or live on the water. Many are retired or work (if they are fortunate to even have a job) in the services industry (which pays next to nothing). This rate hike coupled with the rise in property tax and other local municipal taxes (due to the economy)is crippling to these folks. My house has been standing since 1925 and only once has my family filed a claim (and it was minor) due to storm damage.
  • by EDWIN VARGAS Location: NEW BERN NC on May 12, 2009 at 04:09 AM
    Both I, NC-20 and WTKS 107.1 have put out the word for every resident of NC to go to to ge the facts. I have already contacted FRONTLINE.pbs, ABC-John Stocil, 20/20 to do a report on this injustice of homeowner rate increases which should be a flat percentage across NC for wind pool insurance rate increases. Residence are being hit with 20-60 percent increases and the FACTS don not show that storms hit the coast. 74% of storm damage effect the Piedmont, 26% of storm damage effect the coast. We need to use factual data not some NC rate bureau, NC insurance commission and insurance companies without public hearings raise rates for any NC resident on their homeowners insurance.

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