NC realtors demand action regarding a potential increase in insurance rates.
Keystone Realtors Share Price :99.4% Potential Increase
WAVY: OUTER BANKS, N.C. The Outer Banks Association of Realtors is urging citizens of North Carolina to write the state’s insurance commissioner, arguing against insurance companies’ alleged “cash-grab” of raising homeowner insurance premiums by over 40%, and by almost 100% for those living along the coast.
It stated that large insurance providers, whose interests are represented by the North Carolina Rate Bureau, or NCRB, have asked Mike Causey, the state’s insurance commissioner, to raise rates for homeowner’s insurance by 42.2%.
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According to the realtors’ group, homeowners who live close to the coast would see a 99.4% increase as a result of this increase.
It stated that homeowners in North Carolina are experiencing notable increases in their property taxes, groceries, and other essentials stating that “adding to this burden is unacceptable” after struggling.
It encourages users to use this link to write the North Carolina Department of Insurance.
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