Homeowners could pay as much as $300 to $400 more

Published: Monday, October 8, 2012 at 09:57 AM.

Homeowners could see their insurance costs increase $300 to $400 per year.

“We certainly think it’s unjustified,” said Willo Kelly, president of NC-20, a group of individuals, local governments and businesses promoting economic development in the state’s coastal counties.

NC-20 fought against the 2009 rate increases and plans to oppose the latest as well.

Kelly said they’ll be talking about the insurance rate issue during its Eastern Issues Symposium to be held Wednesday in Morehead City, and they plan to have members attend the public hearing on the requested rate hike in Raleigh.

Legislation passed earlier this year mandates that the insurance commissioner call a public comment period on any Rate Bureau property insurance rate filing within 30 days of the filing.

A public comment session is scheduled for Oct. 17 from 9:30 a.m. to 4 p.m. in the Jim Long Hearing Room of the DobbsBuilding, 430 N. Salisbury St., Raleigh.

Written comments can be submitted through Oct. 19. Comments can be emailed to 2012homeowners@ncdoi.gov or sent to: NCDOI; Attn. Bob Mack; Property & Casualty Division; 1201 MailServiceCenter; Raleigh, NC.27699-1201.

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