[Durham INC] Should we be subsidizing insurance on the coast?

[Angel Romero]

I completely agree with Melissa. The state, coastal counties and
municipalities have allowed irresponsible growth and construction in the
coast. While other states have stricter building codes that promote
hurricane resistant homes, North Carolina allows flimsy woodstick homes all
over the place. I do not think North Carolina residents should subsidize the
insurance of the folks who live or vacation on the coast in homes that are
not prepared for hurricanes, specially homes that are worth over $150,000 or
vacation homes.

Angel Romero

On Thu, Jul 23, 2009 at 2:49 PM, Melissa Rooney <mmr121570 at yahoo.com> wrote:

> Durham's delegation is:
>
> Floyd.McKissick@ ncleg.net<http://us.mc346.mail.yahoo.com/mc/compose?to=Floyd.McKissick@ncleg.net><Floyd.McKissick@
> ncleg.net<http://us.mc346.mail.yahoo.com/mc/compose?to=Floyd.McKissick@ncleg.net>>,
> Bob.Atwater@ ncleg.net<http://us.mc346.mail.yahoo.com/mc/compose?to=Bob.Atwater@ncleg.net><Bob.Atwater@
> ncleg.net<http://us.mc346.mail.yahoo.com/mc/compose?to=Bob.Atwater@ncleg.net>>,
> Winkie.Wilkins@ ncleg.net<http://us.mc346.mail.yahoo.com/mc/compose?to=Winkie.Wilkins@ncleg.net><Winkie.Wilkins@
> ncleg.net<http://us.mc346.mail.yahoo.com/mc/compose?to=Winkie.Wilkins@ncleg.net>>,
> Larry.Hall at ncleg. net<http://us.mc346.mail.yahoo.com/mc/compose?to=Larry.Hall@ncleg.net><Larry.Hall at ncleg.
> net <http://us.mc346.mail.yahoo.com/mc/compose?to=Larry.Hall@ncleg.net>>, Mickey.Michaux@
> ncleg.net<http://us.mc346.mail.yahoo.com/mc/compose?to=Mickey.Michaux@ncleg.net><Mickey.Michaux@
> ncleg.net<http://us.mc346.mail.yahoo.com/mc/compose?to=Mickey.Michaux@ncleg.net>>,
> Paul.Luebke@ ncleg.net<http://us.mc346.mail.yahoo.com/mc/compose?to=Paul.Luebke@ncleg.net><Paul.Luebke@
> ncleg.net<http://us.mc346.mail.yahoo.com/mc/compose?to=Paul.Luebke@ncleg.net>
> >
>
> -- Melissa
>
> --- On *Thu, 7/23/09, Pat Carstensen <pats1717 at hotmail.com>* wrote:
>
>
> From: Pat Carstensen <pats1717 at hotmail.com>
> Subject: [Durham INC] Should we be subsidizing insurance on the coast?
> To: "inc listserv" <inc-list at durhaminc.org>
> Date: Thursday, July 23, 2009, 7:32 AM
>
>  The "Beach Plan" to insure against catastrophic hurricane damage is
> drastically underfunded and the legislature is looking at ways to fix it.
> The fix: HB 1305 would have you and me get with 10% surcharges on our home
> insurance if there is a really bad hurricane on the coast.
>
> The Asheville paper has been doing pretty good coverage of the problem:
> http://www.citizen-times.com/apps/pbcs.dll/article?AID=200990717030
>
> Actually, I think the proposal is mostly as good as can be done -- the
> alternatives are having a lot of insurers leave the state or having huge
> increases in rates for folks on the coast.
>
> What outrages me is the upper bound on what is covered:  it is limited to
> residential properties valued up do $750,000 -- 7 times the value of my
> house (taking assessed value minus land).  I really can't see how someone
> who is changing bedpans in an extended care facility in Asheville should be
> subsidizing someone's second home that was build in a place the practically
> dares hurricanes to knock it down.
>
> I think the upper bound should be tied to average NC home values.  I would
> even be OK if the limit were the 65 percentile or 150% of the average cost,
> just so it has some semblance of fairness.
>
> Regards, pat
>
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