Coastal Coverage Fix Sought Amid Wider Storm Fears

Letters coming in the mail to homes all along the North Carolina coast are bringing news of big insurance price increases.

Gary Gilbert of New Hanover County said Monday he and his wife Janice learned about two weeks ago that the added coverage for wind
damage from a hurricane would climb by more than 60 percent to $1,400 a year.

That's after learning their overall homeowners insurance policy would climb by about 20 percent.

Insurance companies spooked by warnings that the U.S. may be in
a period of intensified hurricane activity have demanded higher rates to cover their expected risk. Higher rates for North Carolina's coast were approved in December.

State legislators are trying to fix the problems with coastal
insurance rates.

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  • by scott Location: nc on Jul 3, 2009 at 07:08 AM
    If one cannot afford to live where they are, wouldn't the logical action be to move? And if one cannot afford to move, then insure to the limit you can, and bear the remaining cost as they occur?
  • by To Anonymous Location: NC on Jun 30, 2009 at 03:15 PM
    I don't live on the coast either, but maybe we should pay 1,000,000.00 for destroying nature where our houses are. Your home encroaches on the environment too. It's just in a different place. Why do YOU do this. Some of the people who live on the coast are commercial fisherman who provide food for people in this country. The location of your home is a natural habitat for deer, squirrels, rabbits, etc. Or it was until your house, apartment, trailer or what ever you live ihn was put there. Anonymous, you are a total hippocrite.
  • by Anonymous on Jun 29, 2009 at 07:44 PM
    I do not own a home near the coast..I think that anyone that does should have to pay a million dollars ($1,000,000.00) each year for destroying nature..It is a selfish thing to encroach on the environment...Why do you do this ??? The coast is a natural habitat for marine life..

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