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
May 1, 2017 · Took effect
4.4% took effect
The settled dwelling rates applied on or after this date.
January 24, 2017 · Settled
Settled at 4.4%
The settlement set a 4.4% statewide average.
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.
Documents
- SettlementDW-2017-SETTLEMENTNCDOINCDOIDW-2017-SETTLEMENT
- CircularP-16-8NCRBNCRBP-16-8