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NCRB requests approval of large insurance rate increases on mobile homes, public comment period open

PRE News & Ideas | By Annette Weston-Riggs
Published November 3, 2022 at 10:16 AM EDT
FEMA mobile homes stockpiled at the airport in Hope, Ark. FEMA plans to lay down $6 million worth of gravel so the trailers don't sink into the mud.
(Photo: Greg Allen, NPR)
The NCRB represents insurance companies and has asked the N.C. Department of Insurance for an average of 87.5% increase for fire policies and 53.4% for casualty policies.

The North Carolina Rate Bureau has asked for an increase in insurance rates for mobile home policies and people have an opportunity between now and November 18 to comment on the proposal.

The NCRB represents insurance companies and has asked the N.C. Department of Insurance for an average of 87.5% increase for fire policies and 53.4% for casualty policies.

If approved, the increase would be rolled out in two phases – the first in July and the second in July 2024.

Both programs provide property and liability coverage, and unlike standard homeowners’ programs, they also include flood coverage.

There are two ways to provide public comment – via email or the postal service.

Emailed public comments should be sent by Nov. 18 to: NCDOI.2022MH@ncdoi.gov.

Written public comments should be mailed to Mary Faulkner, to be received by Nov. 18 and addressed to 1201 Mail Service Center, Raleigh, N.C. 27699-1201.

Annette Weston-Riggs
Annette is originally a Midwest gal, born and raised in Michigan, but with career stops in many surrounding states, the Pacific Northwest, and various parts of the southeast. She has been involved in the media industry in eastern North Carolina for more than three years. An award-winning journalist and mother of four, Annette moved to ENC to be closer to family – in particular, her two young grandchildren. It’s possible that a -27 day with a -68 windchill in Minnesota may have also played a role in that decision. In her spare time, Annette does a lot of toddler and baby cuddling, reading, designing costumes for children’s theater and producing the coolest Halloween costumes anyone has ever seen. She has also worked as a diversity and inclusion facilitator serving school districts and large corporations. It’s the people that make this beautiful area special, and she wants to share those stories that touch the hearts of others. If you have a story idea to share, please reach out by email to westona@cravencc.edu.
See stories by Annette Weston-Riggs