|
| |
nc home insurance: NC Beach Plan is fixed, or is it? - 09/16/09 03:50 PM
So, you might want to compare the discovery of seedless watermelons with the 'fix' that our wise leaders in Raleigh came up with for the beach plan. As in, we have seedless watermelons now - it's done, case closed, for now and forever, with no need to look back.
Not quite.
So what did they do to 'fix' the Beach Plan? Let's take a closer look:
1) Only $750,000 of coverage will be available to Beach Plan homes as compared to $1,500,000 before.
2) The home insurance companies will have to pay the first $1,000,000,000 (Billion) of excess hurricane damages.
3) … (2 comments)
|
nc home insurance: Should I lower the amount I insure my home for? - 04/15/09 11:19 AM
Since housing prices have dropped, I've been getting more and more inquiries from homeowners about whether they should lower the amount they insure their home for. Great question.
The price that most homeowners see going down is the market value of their home. The 'market' value of the home is really the value the house and land together can fetch if it were sold to a buyer on the open market.
On your insurance policy, your home is normally insured to its replacement cost. This price is considered to be the amount it would cost to rebuild the home if it … (3 comments)
|
nc home insurance: NC Beach Insurance Plan Update - 12/17/08 10:54 AM
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 A second major carrier has withdrawn from the home insurance market and more are getting ready to follow.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 … (1 comments)
|
|
|
|
|
|
Cameron Bagherpour ~ North Carolina Insurance
Cary,
NC
More about me…
Cary & Raleigh, NC Insurance
Address: 150 Cornerstone Dr. #202, Cary, NC, 27519
Office Phone: (919) 460-0606
Email Me
Home Insurance, Auto Insurance and other associated insurance info related to the buying and selling of real estate.
 Links
Archives
|
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2012 ActiveRain Corp. All Rights Reserved
;)
;)