N.C. Coastal Towns Fear Change Will Increase Flood Insurance Rates

Some coastal residents could see a spike in their insurance rates because of a recent decision by the North Carolina Building Code Council.

The council toughened the coastal housing code for wind-borne debris. The code now extends the zone for stronger wind requirements to all areas east of the Intracoastal Waterway between South Carolina and Beaufort Inlet, and all barrier islands between the inlet and Virginia.

Council members said the change will balance safety and affordability.

But the changes fall short of requirements set by the International Code Council. As a result, residents in Wrightsville Beach and other local communities would lose their flood insurance discounts.

Wrightsville Beach Planning Director Tony Wilson called the council’s decision “disappointing.”

Information from: The Star-News, http://starnewsonline.com

Topics Trends Flood Pricing Trends North Carolina