Interesting! Virginia is riskier for wind than both North and South Carolina. Maybe now, those evil carriers will stop punishing the Carolinas for their exposures. But no, that would make too much sense.
As I am an agent in SE North Carolina I find the data interesting but not surprising. A lot of our coastal risk is already pretty built up, but a majority of it is newer construction that has the newer construction codes already incorporated.
As our state sticks out fairly far we do tend to be in-line for most hurricanes and tropical storms that come up the east coast so I think our rates are where they need to be. If you don’t like the cost of the wind/hail insurance move west of I-95.
does that mean people with preexisting medical conditions should have to pay higher medical rates because it is not a matter of if, but when they are going to get hit?
Interesting! Virginia is riskier for wind than both North and South Carolina. Maybe now, those evil carriers will stop punishing the Carolinas for their exposures. But no, that would make too much sense.
As I am an agent in SE North Carolina I find the data interesting but not surprising. A lot of our coastal risk is already pretty built up, but a majority of it is newer construction that has the newer construction codes already incorporated.
As our state sticks out fairly far we do tend to be in-line for most hurricanes and tropical storms that come up the east coast so I think our rates are where they need to be. If you don’t like the cost of the wind/hail insurance move west of I-95.
People that build and live on the coast should pay much higher rates. It is not a matter of if, but when they are going to get hit.
does that mean people with preexisting medical conditions should have to pay higher medical rates because it is not a matter of if, but when they are going to get hit?