It almost seems as though the Insurance Commissioner wanted to wish homeowners a Happy New Year. Insurance companies had requested to raise insurance rates by 25.6 percent next year. In response to the request, there was a hearing to present cases from both sides of the battle. After both sides were heard, the Commissioner decided there was no reasoning behind justifying such a large increase. Instead, effective June 1, 2015, homeowner’s rates will go down depending on location and type of coverage. It appears that the average decrease will be somewhere between 8-12%. This is a chart showing the rate changes by territory. http://www.ncdoi.com/Media/Documents/12-19-14_Homeowners_Rate_Changes_by_Territory.pdf
Author:Kathleen Argiroff Phone: 252-202-8147 Dated: December 24th 2014 Views: 487 About Kathleen: Kathleen relocated to the Outer Banks of North Carolina with her husband and three children in 1989 ...
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