Blog. Professionals and Families

Insurance Companies in North Carolina Request 25% Average Rate Increase for Homeowners Policies

The North Carolina Department of Insurance received a homeowners insurance rate filing from the N.C. Rate Bureau on Friday, Jan. 3.  The N.C. Rate Bureau has requested a statewide average rate increase of 25.3 percent, varying by territory, with a requested effective date of Aug. 1, 2014.

Through our professional association with the Independent Insurance Agents of North Carolina, we recently became aware of some North Carolina Auto Insurance changes that we wanted to communicate.

Effective December 1, 2013, there are some changes to the North Carolina Financial Responsibility Law.  Somewhere buried deep in a 340 page appropriations bill were some changes to the Financial Responsibility Act involving “North Carolina Auto Liability Insurance.”

The kind of tree that adorns a person’s home during the holidays can provoke debate as much as Coke vs. Pepsi or Chevy vs. Ford.

When it comes to Christmas trees, do you choose live or artificial? Do you cut down your own Christmas tree from a North Carolina or Georgia tree farm, or do you prefer the convenience of a tree bought at the nearest home improvement store that won’t shed its needles, doesn't need water and already has lights?  I have even seen the ones that spin.

Both live and artificial trees have their advantages and disadvantages, and we at Transition Insurance Agency certainly aren't going to try to convince you that one is “right.” But in the spirit of giving, we thought we’d provide some information to help you make the best decision for you and your family.