Submitted by beachgoer (not verified) on Wed, 01/13/2010 - 9:08pm.
>Who will pay? We will.. There will be a >insurance pool setup just like there is for >auto insurance.
There already is an "insurance pool." It's called the BEACH Plan and it provides very basic coverage for wind, fire, theft, etc. No replacement cost coverage. It costs a bit more and has limits on the amount of coverage. The Legislature mandated that all companies providing that type of insurance in NC have to participate and share the risk.
insurance pool
>Who will pay? We will.. There will be a >insurance pool setup just like there is for >auto insurance.
There already is an "insurance pool." It's called the BEACH Plan and it provides very basic coverage for wind, fire, theft, etc. No replacement cost coverage. It costs a bit more and has limits on the amount of coverage. The Legislature mandated that all companies providing that type of insurance in NC have to participate and share the risk.