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North Carolina residents are going to pay more for homeowners insurance—again.
North Carolina Insurance Commissioner Wayne Goodwin has signed a settlement agreement with homeowners insurance companies that will impact coastal counties with the highest rate hikes.
The agreement represents an overall average statewide increase of 7 percent. The highest hikes are nearly 20 percent for beach coastal areas of Brunswick County, with lower increases for inland coastal areas.
The increases take effect July 1.
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