Dwelling · Settled

Dwelling requested 18.7%; settled at 4.4%

Filed
August 5, 2016
Requested
+18.7%
Approved
+4.4%
Effective
May 1, 2017

Requested: Statewide average requested for dwelling fire and extended coverage. First-pass entry — verify.

Outcome: Settlement with the Department of Insurance. First-pass entry — verify.

What this filing means

Dwelling fire and extended coverage rates apply to non-owner-occupied and certain other dwellings. The requested statewide average was 18.7%; the settled statewide average was 4.4%.

Timeline

  1. May 1, 2017 · Took effect

    4.4% took effect

    The settled dwelling rates applied on or after this date.

    NCRBMay 1, 2017

  2. January 24, 2017 · Settled

    Settled at 4.4%

    The settlement set a 4.4% statewide average.

    NCDOIDW-2017-SETTLEMENTJan 24, 2017

  3. August 5, 2016 · Filed

    Rate Bureau filed an 18.7% dwelling request

    The Rate Bureau filed for an 18.7% statewide average increase for dwelling fire and extended coverage.

    NCRBP-16-8Aug 5, 2016

Documents