A bill was introduced to the NC General Assembly on Wednesday by Senator Julia Boseman that would temporarily stop the insurance deducibles and rate increases for local homeowners, and the wind and hail insurance covered by the Beach Plan.
If this bill is passed, it will delay the increases from taking place until May 1, 2011, instead of February 1, 2009.
Personally, I would like to see the bill passed. I feel most homeowners would prefer it this way. The New Hanover County Commissioners voted last week to join the lawsuit filed originally by Dare County and other local area governments will be deciding to join or not soon.
The N.C. Department of Insurance has scheduled hearings today in Raleigh regarding the lawsuit and these rate increases.
There are great buying opportunities out there, particularly at our area beaches. To view Wilmington NC Area Real Estate, visit www.thekeytowilmington.com
Cordially,
Diane Parker
COLDWELL BANKER SEA COAST REALTY
910-617-5244 or DianeParker@SeaCoastRealty.com
