North Carolina Insurance Commissioner announces lower rates for rental properties

North Carolina property owners got some good news this past week as Insurance Commissioner Wayne Goodwin announced that rates on some properties would drop by an average of 7.3%. The Commissioner also rejected a rate increase proposal from the North Carolina Rate Bureau, which would have raised rates on dwelling extended coverage by 36%. The lower rates will take effect on January 12, 2012, and will affect some 400,000 policies throughout the state. The lower rates will not apply to a homeowner’s primary residence, however, as the rates are meant…

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Helpful winter savings tips that landlords can use to protect their investments

Landlords who are renting out properties can follow a number of tips to more effectively save their money by protecting their investments and themselves throughout the winter months. This is especially applicable to those owning buildings or homes in the state where there are high real estate prices. Harsh winters can lead to a number of increased risks through increases in fire hazards and complications with snow removal efforts. Many landlords in the state are forced to lean on their property insurance for financial protection against accidents that can be…

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