Under a proposed rate increase with the N.C. Rate Bureau, Dwelling Fire and Wind Policies could greatly increase in our area and across the State. Dwelling policies typically cover second homes, vacation rental homes, or year-round rental homes. Special thanks to the Outer Banks Association of Realtors and Outer Banks Home Builders Association for their information:
Below is more information on the proposed increase, along with steps how to voice your concern:
CALL FOR ACTION
COMMENT ON PROPOSED RATE INCREASES FOR
DWELLING FIRE AND WIND POLICIES
COMMENT PERIOD ENDS FRIDAY, MARCH 23rd
The NC Rate Bureau submitted a Filing to the NC Department of Insurance (NCDOI) last month to increase DWELLING Insurance rates for fire and extended (wind) coverage 18.9% overall statewide. Dwelling policies are different from Homeowner policies. Dwelling policies typically cover second homes, vacation rental homes or year-round rental homes.
While the Filing reflects decreases in the fire rate, the extended (wind) coverage rates are proposed to increase over 58% in the mainland portions of Dare and Currituck Counties; 38.% in the barrier island areas of Dare and Currituck Counties. Fire rates are typically much lower than wind rates - sometimes as little as 7% of the total rate - and this filing will have tremendous impact on Dwelling and Dwelling Wind Only policies written through the NC Insurance Underwriters Association (NCIUA), commonly referred to as the Coastal Property Insurance Pool. NCIUA polices are surcharged over and above the maximum rate approved by the Department of Insurance.
After the public comment period closes, the Department of Insurance has 50 days to respond to the Rate Bureau. If the Insurance Commissioner does nothing, the new rates will become effective on October 1, 2018. The Commissioner can negotiate a settlement on the filing, which in years past has resulted in less than the Rate Bureau’s proposed increases. The NC Insurance Commissioner also has the option to deny the filing, which would result in a hearing/trial being held on the filing.
Voice Your Concern by Friday, March 23, 2018
(email or mail your comments to N.C. Insurance Commissioner Mike Causey)
1.Here’s a model letter: (When Submitting Your Comments, please include:)
North Carolina property address
Your personal opinion on the impact of the rate change
Include any of the following (if you wish):
Dear Commissioner Causey,
I/We request that you DENY the 2018 Dwelling Rate Filing. Based on the data and information included in the Filing, the NC Rate Bureau’s proposed rate increase request is unwarranted and unjustified. In addition:
•Property owners in coastal communities have historically paid homeowners insurance premiums up to many times the rate charged for inland properties, in addition to having separate flood, wind and hail policies.
•The proposed extended coverage rate increases in eastern NC are excessive and unfairly discriminatory.
•The NC Rate Bureau submitted a revenue-neutral Dwelling Filing in 2017 causing several thousand dwelling policyholders in eastern NC to see an increase of over 20% in their premiums in 2018. This is not reflected in the 2018 Dwelling Filing.
•Insurance companies have been applying artificially high inflation rate factors to policy dwelling values that in turn increase deductibles when percentage based. This both lessens the insurers’ exposure and increases profitability. This has not been considered in this filing.
•NOAA’s 2011 to 2015 severe weather map reports show the majority of severe wind events to be in central and western NC.
2.Send Your Comments:
mail N.C. Commissioner Mike Causey
N.C. Department of Insurance
1201 Mail Service Center
Raleigh, NC 27699-1201
The Kill Devil Hills Public Services Department is here to help by offering free mulch at its Recycle Center. Located at 701 Bermuda Bay Blvd. (off Colington Road), the KDH Recycle Center is open from Monday through Friday, 8:00 a.m. to 4:00 pm., and Saturday, 8:00 a.m. to 2:00 p.m. Stop by and pick up all the mulch you need.
The Town has developed an informative video that explains how yard debris is recycled into a useful product like mulch for our community: KDH Mulch Program For more information, please call the Public Services Department at 252-480-4080.
New to Dare County and want to register? Longtime resident and want to check your registration? Find answers to these questions and more with this informative segment from the Dare County Elections Office. Additional information can be found at www.darenc.com or by calling 252-475-5630.
In July 2017, the North Carolina General Assembly adopted legislation HB 436, which is now part of the 2017 Session Law, to implement system development fees for public water and sewer systems in the state. This bill requires local governments like Kill Devil Hills that provide water and sewer services to establish a cost-based justification for charging Water System Development Fees (SDF); this terminology will replace items known as “initial hook-up fees” or “impact fees.” Compliance with HB 436 must be in place by July 1, 2018. For more information, please visit:
The N.C. Department of Transportation has launched the department’s third annual customer survey. The purpose of the survey is to gauge how the department is performing in its effort to provide great customer service. Randomly selected citizens will receive a paper copy in the mail, but residents can also participate online by clicking the link below. The survey takes about 15 minutes to complete and the link is mobile-friendly. Participation can help NCDOT identify ways to make North Carolina transportation services safer, more efficient and customer focused.
The N.C. General Assembly requires the survey and the results will be used as the basis for measuring our performance in the area of customer service across the department. Survey responses must be received by March 31. The results will be available to the public on NCDOT.gov later in the summer.
(Above left: Mayor Sheila Davies joins Outer Banks representatives in Washington, DC to oppose offshore drilling)
At its recent meeting, the Kill Devil Hills Board of Commissioners reaffirmed its almost 30-year opposition to offshore oil drilling, and seismic testing. Noting the potential for devasting effects to the Outer Banks tourism industry and pristine shorelines, the resolution was passed unanimously. Other undertakings to oppose offshore drilling:
•Mayor Sheila Davies, along with representatives of the Outer Banks Tourism Board and Surfrider Foundation, traveled to Washington, D.C., on February 15 to meet with representatives of the U.S. Bureau of Ocean Energy Management and Interior Department.
•Mayor Davies, along with other local leaders, met with N.C. Department of Environmental Quality Secretary Michael Regan in Kill Devil Hills to share their concerns about and opposition to offshore drilling.
•Members of the Board of Commissioners have joined other government officials and drilling opponents from the Outer Banks and other coastal communities in today’s “Rally to Raleigh,” to oppose offshore oil drilling.
Here’s how to get involved and share your thoughts on how offshore oil drilling could negatively affect the community:
•Tips for making Public Comments and to Submit Your Comment: Use the BOEM site for tips in making and submitting comments: https://www.boem.gov/National-Program-Comment/
The deadline for making public comments on the proposed federal changes that would permit offshore oil drilling is March 9, 2018. For more information or for updates, visit the Kill Devil Hills website at: http://www.kdhnc.com/786/Offshore-Oil-Drilling
Resolution Expressing Disappointment at the Repeal of the Plastic Bag Ban and Imploring Residents, Visitors, Businesses and Local Governments to Abide by the Spirit of the Ban and Voluntarily Refuse to Utilize Plastic Bags
Resolution Supporting HB 551/SB 595 Marsy's Law - In support of victim's rights
The Public Services Department will begin collection of APPROVED bulk trash items from IMPROVED properties within the Town of Kill Devil Hills on Monday, April 16, 2018 Monday, April 16, 2018. APPROVED items for collection may be placed in the street right-of way not sooner than Sunday, April 1, 2018 and not later than Sunday, April 15, 2018.
Here's a link to the entire 2018 Collection Schedule: KDH Collection Schedule
The KDH Board of Commissioners is seeking interested persons to serve on various Town boards and committees, including the following:
• Historic Landmarks Commission
• Planning Board
• Community Appearance Commission
To be considered for a Town board of committee, you must complete an application. You can get the application from the Administration Department, 102 Town Hall Drive, off Colington Road, by calling 449-5300, by mail/email.
To learn more about the various Town boards and committees, view the summary:
Board & Committee Descriptions
Submit an signed, completed application to the Town Clerk, which can be emailed to email@example.com OR mailed to Town Clerk, 102 Town Hall Drive, Kill Devil Hills, NC 27948.