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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Ohio landlords to benefit from savings in the new Foremost Insurance platinum package
Foremost Insurance Group has announced that landlords in Ohio that purchase their new Platinum Package will be able to benefit from customized discounts. The Insurer has enhanced its Ohio Dwelling Fire program so that its customers can take advantage of an opportunity to build their own package or choose the Landlord Platinum Package that has been pre-assembled for them. The Platinum Package is, according to Foremost, offering a discount to landlords in that state. The zone executive director for the insurer, Andy Thomas, said that they are excited about the…
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