All NC Homes Could Pay In Beach Coverage Deal

Every North Carolina property owner could be tagged with part of the cost of rebuilding insured coastal property after a major hurricane if a deal taking shape in the Legislature is approved.

Lawmakers this week could unveil a bill to fix the underfunded property insurance program called the Beach Plan. A copy of the proposed legislation was provided to The Associated Press on Monday.

The bill would allow every residential and commercial property insurance premium to rise by up to 10 percent to pay the Beach
Plan's claims after a massive hurricane or a tough storm season.

Less than two months ago, coastal residents were hit with insurance
premium increases of up to 30 percent.

Hurricane season started three weeks ago.

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  • by Dwayne Location: Greenville on Jun 24, 2009 at 08:39 AM
    And the insurance lobbyists and Democrats go Yea! Yea! Yea!. I really want my insurance to increase so that the upper class on the beach can continue to enjoy those rays.
  • by Unbelievable Location: Greenville on Jun 24, 2009 at 04:07 AM
    I cannot afford a hoome at the beach and now lawmakers want to make it so I can't afford my home here. Wow! My family income has decreased by over 50% this year and we are struggling to ge by and the price of everything has gone up. This is just not fair!
  • by Obama Snake Oil Co Location: Washington on Jun 23, 2009 at 01:22 PM
    Anon in Greenville, like I said, if you single out a particular dwelling location and live in manufactured homes, than you will be a hurrican magnet or tornado magnet, and you may be paying more than the beach owner. Support the pool. CCC, vote our the incumbent. If everybody did this in NC this would send the signal to the rest of the country. Imagine if we did it, every politician would be running scared and we would make history. It would send a message of real change. The precidence would be followed by some states doing the same. But in NC, well, they will only vote yellow dog and follow the party and never speak out or express themselves and just pay the taxes....then blog here how bad it is.
  • by CCC Location: Greenville on Jun 23, 2009 at 09:54 AM
    Politicians realize that the only thing most people are going to do is write in blogs, send them an email, or give them a phone call. These things mean nothing to them; no fear. Here's an observation I have made. In the past politicians have always tried to coverup their illegal, shady, or unconstitutional ways of doing politics(rep & dem). The current admin.(state & fed) have the 'yea its not right but what are you going to do about it' attitude(in your face attitude). They have no fear of the ones who PAY THEIR SALARY, so they do what they want(they only fear the ones that gave them BIG campaign funds (unions, acorn-now with a new name, etc...). Until we can scare the ---- out them somehow they will continue to keep their thumb on our throats until their is only a slight wheezing sound. I'm open for almost any suggestions or ideas at this point.
  • by BooBoo Location: gville on Jun 23, 2009 at 08:51 AM
    Does that mean we get to use the beach homes 10%of the time. Yeah, and how long would this increase last? Like forever!
  • by Sam Location: In Angerland on Jun 23, 2009 at 08:39 AM
    This is insane. Why make the entire state pay this, especially when you have areas like Murphy, up in Western North Carolina, that is about 8-9 hours to the closest NC beach, but yet about 5-6 hours from the SC coast? Why even make Martin County pay for this when Martin County hardly ever gets damage from hurricanes to begin with? Oh yeah I get why. It's because by making the entire state pay for this, then they will have some surplus money left from this to put into their own pockets. Whoever came up with this bad plan or agrees with it has no business in NC politics. If I are to have to pay taxes for this so called plan, then I would be glad to go up to Raleigh and demand that I have a beach house of my own or I will refuse to pay them. The road goes both ways, but yet the politician does everything to make it one way. If that leads to them trying to take my assets, then here comes the 12 gauge. To John of Washington, AMEN to your last statement. These politicians are horrible people.
  • by fed up Location: aurora on Jun 23, 2009 at 07:29 AM
    If every working person in this state would all call in sick the same day,let's say a Thureday, would that not send a message to Comrade Bev? Think about it, no gas bought, no sales of any kind, not a penny of revenue going to BEV, plus the enjoyment of just doing absolutely NOTHING for a whole day. If they can have an all Amaeican smoke out, why not an all Amarican sick day. Not a single vehicle moving in the entire USA,or airplanes or trains. Everybody sitting home and enjoying watching big oil ceo's and government lawyers trying to figure out how much money they lost, and realize finally, that the Amarican people are fed up with them. AND WE AIN'T GONNA PAY NO TOLL.
  • by Anonymous Location: Greenville on Jun 23, 2009 at 06:18 AM
    I live in a manufactured home--my home owners insurance went up--double of what I was paying--same coverage all becuase of the storms we had. I am not in flood zone.And now you want me to pay for the increase in beach taxes--. How much more do we take. If you live at the beach then pay the price. Maybe you should have thought twice about living on the coast. Your choice,not mine.Pay your own bills.
  • by Obama Snake Oil Co Location: Washington on Jun 23, 2009 at 06:04 AM
    Wait a minute folks, the intention of insurance in the first place was to insure homeowners regardless of where they were. What they were trying to do here is "single" out a particular group so they could begin the next generation of insurance. This means, Ok, you live in the city, we should have a rate for that since crime is higher and you are likely to get robbed. Oh, your house in near woodlands, so we have to charge you more since the chance of a wildfire exists...see where this could go? It should be a "pool" as it was intended. CCC, at some point, grab your musket. With taxing going out of control in the state alone, I can tell you there will be a rebellion. One against democrats in government. Frankly, even the liberals don't like it.
  • by Bill Location: Jamesville on Jun 23, 2009 at 05:45 AM
    What is coastal property. Just how far inland will the state claim is coastal property.
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