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Bills for beach-house insurance are set to go up a staggering 30 percent this year, deductibles are also skyrocketing, and if the “beach plan” is passed, property owners who once insured their homes for $1.5 million will not be able to insure anything more than $750,000.
That’s what Steve Candler, government affairs director of the Brunswick County Association of Realtors, reported about North Carolina insurance rates during the Holden Beach Commissioners’ regular meeting Tuesday night.
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