Coastal Property Insurance Relief
This post is taken from an article by Sheila Watson in the Daily Journal.
Several plans for insurance relief proposed recently by state politicians aim to alleviate the high cost of coastal property insurance and protect consumers against cancellation and non-renewal of policies.
However, professionals in the insurance industry are both welcoming and criticizing the proposed legislation.
In February, Sen. Glenn McConnell, R-Charleston, president pro tempore of the state Senate, introduced a bill to reduce excessive coastal insurance rates. The proposed South Carolina Insurance Accountability, Reorganization and Relief Act of 2007, bill S. 412, would convert the current Wind and Hail Association into the S.C. Hurricane Underwriting Association.
The thoughts on this website do not necessarily reflect those of Carolina One Real Estate.
Prudential Carolina Real Estate | 877-663-3456
1400 Palm Blvd Suite E, Isle of Palms, SC 29451
info@palmettobeaches.com