17/01/2024
Feel free to share this. So many people already think that the OBX is getting over priced. Almost a 50% raise in insurance prices would mean even higher rental prices for your next vacation. Send an email. Mail a letter. Join the meetings. Help us keep the OBX affordable.
This post is a little lengthy but extremely important, so please give it a read โ
The NC Rate Bureau is proposing to increase rates for homeownersโ insurance across the state, which would take effect in August 2024, unless denied by NC Insurance Commissioner Mike Causeyโs office. The proposed increase for our area would be 45.1% in Dare County beach communities and 33.9% for inland areas.
The KDH Board of Commissioners recently passed a resolution opposing a homeownersโ insurance rate increase and has submitted the resolution in opposition to the proposed rate increase to NC Insurance Commissioner Causey. The statements will also be submitted through a public comment process.
The Kill Devil Hills Board of Commissioners has consistently supported KDH families and affordable housing options, but such egregious insurance rate proposals only harm KDH families, making homeownership even more difficult. Homeowners will be priced out of the market, or be penalized by being forced to raise their deductible levels in an attempt to offset the requested astronomical insurance premiums.
PLEASE JOIN US IN TAKING ACTION by sharing your thoughts through one or more of the following methods:
1. Email public comments in opposition (include your name and full address) to the N.C. Department of Insurance ๐๐ฒ ๐
๐๐๐ซ๐ฎ๐๐ซ๐ฒ ๐๐ง๐: [email protected];
2. Submit written public comments (include your name and full address) ๐๐ฒ ๐
๐๐๐ซ๐ฎ๐๐ซ๐ฒ ๐๐ง๐ Kimberly W. Pearce, Paralegal III, 1201 Mail Service Center, Raleigh, NC 27699-1201;
3. Attend the NCDOIโs public comment forum (๐๐๐ง๐ฎ๐๐ซ๐ฒ ๐๐๐ง๐, ๐๐ซ๐จ๐ฆ ๐๐:๐๐ ๐.๐ฆ. ๐ญ๐จ ๐:๐๐ ๐ฉ.๐ฆ. at the NCDOI: Jim Long Hearing Room, Albemarle Building, 325 N. Salisbury St., Raleigh, NC 27603;
4. Attend the NCDOIโs ๐๐๐๐๐๐๐ public comment forum (๐๐๐ง๐ฎ๐๐ซ๐ฒ ๐๐๐ง๐, ๐๐ซ๐จ๐ฆ ๐๐:๐๐ ๐.๐ฆ. ๐ญ๐จ ๐:๐๐ ๐ฉ.๐ฆ. with the following link: https://ncgov.webex.com/ncgov/j.php?MTID=mb3fe10c8f69bbedd2aaece485915db7e