posted on February 15, 2019 10:04
Recently the North Carolina Department of Insurance announced that the North Carolina Rate Bureau filed a notice requesting an increase to Homeowners Insurance Policies on average of 17.4.% statewide. Actual proposed rate increases vary based on territory throughout the state. For Topsail Beach (within Territory 120) the proposed increase for homeowners caps at 30%, renter insurance 15%, and condominiums 15%. The proposal includes Homeowners Insurance Policies and Wind and Hail Policies.
The Town of Topsail Beach and the Board of Commissioners strongly oppose this request, finding it extreme and unwarranted. The Board has adopted a Resolution in Opposition of the request and is forwarding its objections to the Insurance Commissioner. Attached is a copy of the resolution for your information.
We urge all of our property owners to contact the Department of Insurance and express your opposition to the rate hike. You can do that the following ways:
In Person – Public Comment Forum will be held from 10 a.m. to 4:30 p.m. on Tuesday, February 26th in the Second Floor Hearing Room at the Albemarle Building, 325 N. Salisbury St. Raleigh
Email – comments should be sent by February 26th to: 2018Homeowners@ncdoi.gov
Written comments – comments should be mailed to: NC Department of Insurance
Attn: Tricia Ford, Paralegal Administrator
ail Service Center, Raleigh, N.C. 27699-1201
Please feel free to contact Town Hall if you have any questions. Thank you
OPPOSING INSURANCE RATE INCREASE RESOLUTION