Mobile Home · Settled
Mobile home requested 26.5%; settled at 6.0%
- Filed
- June 3, 2019
- Requested
- +26.5%
- Approved
- +6.0%
- Effective
- July 1, 2020
Requested: Statewide average requested for the mobile homeowners program. First-pass entry — verify.
Outcome: Settlement with the Department of Insurance. First-pass entry — verify.
What this filing means
The mobile homeowners program is rated separately from site-built homeowners. The requested statewide average was 26.5% and the settled statewide average was 6.0%.
Timeline
July 1, 2020 · Took effect
6.0% took effect
The settled mobile home rates applied on or after this date.
February 11, 2020 · Settled
Settled at 6.0%
The settlement set a 6.0% statewide average.
June 3, 2019 · Filed
Rate Bureau filed a 26.5% mobile home request
The Rate Bureau filed for a 26.5% statewide average increase for the mobile homeowners program.
Documents
- SettlementMH-2020-SETTLEMENTNCDOINCDOIMH-2020-SETTLEMENT
- CircularMH-19-3NCRBNCRBMH-19-3