The North Carolina Rate Bureau, which represents all companies writing property insurance in the state, is seeking an 18.7% statewide average increase in dwelling policies.
The North Carolina Department of Insurance said it received the filing for the rate hike from NCRB on Monday, Dec. 14. If approved, the increase would be effective Sept. 1, 2021.
The NCRB is not part of NCDOI.
Dwelling insurance policies are not homeowners’ insurance policies. Dwelling policies are offered to non-owner-occupied residences of no more than four units, including rental properties, investment properties and other properties that are not occupied full time by the property owner.
