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 –
The NC Rate Bureau is proposing to increase rates for homeowners’ insurance across the state, which would take effect in August 2024, unless denied by NC Insurance Commissioner Mike Causey’s 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 homeowners’ 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 𝐛𝐲 𝐅𝐞𝐛𝐫𝐮𝐚𝐫𝐲 𝟐𝐧𝐝: [email protected];
2. Submit written public comments (include your name and full address) 𝐛𝐲 𝐅𝐞𝐛𝐫𝐮𝐚𝐫𝐲 𝟐𝐧𝐝 Kimberly W. Pearce, Paralegal III, 1201 Mail Service Center, Raleigh, NC 27699-1201;
3. Attend the NCDOI’s public comment forum (𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟐𝟐𝐧𝐝, 𝐟𝐫𝐨𝐦 𝟏𝟎:𝟎𝟎 𝐚.𝐦. 𝐭𝐨 𝟒:𝟑𝟎 𝐩.𝐦. at the NCDOI: Jim Long Hearing Room, Albemarle Building, 325 N. Salisbury St., Raleigh, NC 27603;
4. Attend the NCDOI’s 𝐕𝐈𝐑𝐓𝐔𝐀𝐋 public comment forum (𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟐𝟐𝐧𝐝, 𝐟𝐫𝐨𝐦 𝟏𝟎:𝟎𝟎 𝐚.𝐦. 𝐭𝐨 𝟒:𝟑𝟎 𝐩.𝐦. with the following link: https://ncgov.webex.com/ncgov/j.php?MTID=mb3fe10c8f69bbedd2aaece485915db7e