North Carolinas Home Insurance Policyholders Might See More Rate Increases

PRLog (Press Release) - Dec 18, 2008 -
North Hollywood, CA (  ) — InsuranceBureau.com, independent consumer resource for insurance information, reports North Carolina insurance regulators are considering a proposed home insurance rate increase from (http://www.InsuranceBureau.com) home insurance carriers operating in the state.

North Carolina residents have already experienced two home insurance rate increases within the past six years. If this home insurance rate increase is approved, it will increase rates by an average of 19.5 percent. One specific area, Brunswick County might experience home insurance rate increases of up to 70 percent. Critics argue that the Beach Plan or state home insurance plan is fueling the (http://www.InsuranceBureau.com) home insurance problems for North Carolina residents. Many home insurance companies have stopped operating in North Carolina, or desire to raise their rates.

InsuranceBureau.com stresses the importance of comparison shopping for home insurance. Even though home insurance is costly in North Carolina overall, it does not make sense to pay more for home insurance if a consumer can get a better home insurance rate somewhere else.

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Website visitors can use InsuranceBureau.com to compare (http://www.InsuranceBureau.com) insurance quotes from competing carriers. Insurance quotes can fluctuate in price due to variations in an insurance company’s underwriting criteria, profits or losses of the previous year. The key to saving money on insurance quotes is to regularly compare insurance quotes from different carriers. InsuranceBureau.com is a trusted source for unbiased insurance information for consumers.

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Eric Oster
6400 Laurel Canyon Blvd, Ste 460
North Hollywood, CA 91606
Phone: 800.647.2164
Fax: 800.647.2142