NC insurance rate changes 'very frustrating,' commissioner says
When something terrible happens to a house, most people count on insurance to make it right, but coverage in North Carolina is getting tricky.Posted — Updated
WRAL’s 5 On Your Side has learned most, if not all, insurance companies will send the forms out as customers come up for renewal because they don't feel the state-approved rate increases are adequate.
“It’s ultimately up to the lawmakers to decide whether to change the law, but I do think this is a great enough concern by the insurance industry and of course, especially by the public, that it needs to be looked into,” Goodwin said.
So what can you do? Shop around. You can also raise your deductible and bundle your coverage to help lower your rates.
Copyright 2023 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.