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Flood insurance rates may soar along coast

READ MORE: Flood insurance rates may soar along coast

WILMINGTON (AP) -- Thousands of coastal North Carolina residents could see insurance rates rise this fall as state regulators weigh higher insurance costs against the rising cost of protecting homes.

The North Carolina Building Code Council has balked at new international building codes for wind-borne debris. Council officials say the policy would price middle- and lower-income residents out of the housing market.

The new international code would require protective plywood panels, hurricane shutters or expensive shatter-resistant windows on new homes as far inland as Burgaw. That's about 25 miles from the ocean.

Without the new code, coastal North Carolina residents are poised to pay more for flood insurance.

(Copyright 2007 by The Associated Press. All Rights Reserved.)

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