Mobile home insurance rates in North Carolina to increase over next two years

Ellen Grimes, a 66-year-old Bridgeport resident, is fed up. She’s tried to find a more affordable homeowners insurance policy for her two-story apartment, but she’s consistently been turned down by companies unwilling to insure her 1880s-era home. “After a year of trying to find a decent rate, I gave up,” Grimes said. Her annual rate this year is $3,246. In 2020, it was $2,423. The extra $823 makes her wonder if it’s worth it. The Voice of Chica…

Mobile home insurance rates in North Carolina to increase over next two years

Carolina Village Mobile Home Park From SamWalkerOBXNews.com A settlement has been reached between insurance companies and state regulators that will lead to a rate hike for insurance policies that cover mobile homes in North Carolina starting later this summer. Rates in Currituck, Dare and Hyde for new and renewing Mobile Home-Fire policies will be increasing by 15% starting on September 1, 2025, and another 15% on August 31, 2026, while Camden,…