Nationwide insurance company recently informed the North Carolina Department of Insurance (NCDOI) that it will not be renewing homeowner policies for 10,525 homeowners in North Carolina. Over 1,000 of those non-renewals are in the Dare County, NC. The NCDOI claims that more the half of the non-renewals are based on the “hurricane hazard assessment tool,” […]
North Carolina homeowners whose finances were negatively impacted by the pandemic and now need assistance with housing related expenses can now submit an application to The North Carolina Homeowner Assistance Fund. The fund which was established via the 2021 American Rescue Plan was set up to help prevent mortgage delinquencies, defaults, displacements and foreclosures for […]
North Carolina homeowners are getting a reprieve from higher premiums, at least for another year. Insurance companies who were hoping their request for a 25 percent increase would be approved were disappointed recently when the state regulator agreed to a zero percent increase. Wayne Goodwin, the Insurance Commissioner in North Carolina said, “I found no […]
The new home insurance rates for property owners in Raleigh (North Carolina) have just been put into place, from the 1st of July 2013. In this context, it is worth mentioning that the Insurance Commissioner of North Carolina had approved a seven percent average rate hike on homeowners’ insurance policies across the state this year […]
Many towns in the Avery and Watauga counties in North Carolina are still reeling from the impact of the floods that took place just a month back. This bout of flooding comes in the wake of the prediction, as was published in Forbes, that the United States will see more severe weather in 2013. So […]