Homeowners upset about proposed insurance rate hike - WECT TV6-WECT.com:News, weather & sports Wilmington, NC

Homeowners upset about proposed insurance rate hike

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BRUNSWICK COUNTY, NC (WECT) – Three towns in Brunswick County plan to discuss homeowners insurance rates at their town meeting Tuesday night.

A proposed insurance rate hike is on the books for Calabash, Holden Beach and Oak Island, because these cities are at risk for weather damage.

The state average is 17 percent, but coastal communities could pay up to 30 percent more.

For the first time, the public will be able to comment on the issue during the three town hall meetings Tuesday night.

Many locals said they're fed up with insurance companies gouging them for insurance coverage.

"I think it's ridiculous," said Calabash resident Raymond Taylor.

"They've increased the insurance just to put us out of the world and I don't think there is anything we can do about it."

Much of Brunswick County and the coastal communities are home to retirees and people on a fixed income. They said any increase would put them in the hole.

"It's outrageous," said Calabash commissioner Emily DiStasio."They're high enough now."

DiStasio said she pays more than $1,000 in insurances costs for her home. DiStasio, along with her fellow commissioners, will have the chance to let legislators know how they feel about the increase.

"I don't think the economy is ready for a 30 percent increase," she said.

While elected officials and the public will have a chance to speak on the issue, many are hesitant to believe the state will hear their concerns.

For many, this increase could send people out of the homes they've worked all their life for and that doesn't sit well with them.

"I'd like to see them reduce the insurance back to a comparable price where they're not making a million bucks on people," said Taylor.

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