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To the editor:
The proposed rate hike of 30 percent on homeowners insurance is outrageous and an attempt to intimidate and coerce coastal residents.
There has already been a large increase in 2008, and a 7-9 percent increase each year. The rate in Mecklenburg is considerably lower than that proposed for coastal residents. Why is that? We are already paying $416 quarterly for wind insurance. No other state charges disproportionate rates. What is the justification?
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