NC Beach Insurance Plan Update

Finally, the NC Department of Insurance has decided to take on the mounting financial problem facing North Carolina's Beach Plan. A second major carrier has withdrawn from the home insurance market and more are getting ready to follow. Our newly appointed, er, elected commissioner, Wayne Goodwyn vows to take the bull by the horns. The problem is that the only solution entails raising premiums and lowering coverages. Not good choices when you're an elected official.

But here's the good news: since the election is over, he can push through any unsavory elements and still have enough time before the next election to lower rates in other areas (like auto and non-coastal homes) in order to get re-elected.

Cameron Bagherpour
Agent
Allstate Insurance
919.460.0606
150 Cornerstone Dr. #202
Cary, NC 27519