Nationwide Decision In NC Affects 15,000 Customers

Nationwide Insurance is pulling out of offering mobile home insurance policies in North Carolina as a way to pare down its property exposure in a hurricane-prone state.

A company spokeswoman said Thursday it would phase out policies for those 15,000 current customers starting in October and ending in October 2010. Elizabeth Stelzer with Nationwide said the company wants to focus on the traditional homeowners' market in the state.

A company executive said in a release that the threat of hurricanes in the state also played a role in making the change.

Nationwide said it's working with local agents to find alternative coverage for the mobile home owners.

Nationwide insures more than 1.8 million vehicles, homes and businesses in the state.

You must be logged in to post comments.

Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Anonymous on Jun 12, 2009 at 08:00 AM
    its not about how many claims they have paid out recently however they did have 36000 claims just in ohio form hurrican ike.its the fact that the sate has lots of exposure and no money to cover them. thus state farm, nationwide, allstate have to cover the claims. nationwide wants to make a profit in order to best serve ther customers when the insurance is needed. have a nice day!
  • by FedUp! Location: Greenville on Jun 12, 2009 at 04:47 AM
    We own a double wide and had the option of taking out a homeowners policy. We opted for the mobile home policy because it includes Flood Insurance where the Homeowners policy does not. I believe many folks will just move all of their policies somewhere else.
  • by Commercial Jingler on Jun 12, 2009 at 04:12 AM
    I guess Nationwide is no longer on your side. Will make everyone who has insurance through this company, stop and think about their own policy.
  • by paying customer on Jun 12, 2009 at 03:03 AM
    yep Mike..and thats just what I'm gonna do...
  • by what a crock Location: enc on Jun 11, 2009 at 07:46 PM
    traditional homeowners insurance cost less, so how are they really making money??? i live less than 10 miles from my moms house, i live in a house, mom lives in a mobile home. value of my house is almost twice what hers is, yet i pay about 60% of what she does.... and i live in a flood zone and she doesn't!
  • by MIKE Location: eastern nc on Jun 11, 2009 at 07:31 PM
    Thats pretty bad. i woulb be curious to know how many hurricane related claims they have had since 1999 and how much they paid out.Their loss will be somebody elses gain.Many customers will switch all of their polices.

275 E. Arlington Blvd. Greenville, NC 27858 252-439-7777
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 47880907 -
Gray Television, Inc.