Town of Nags Head Update, November 15, 2025

Your Opinion Matters - Weigh in on the NC Rate Bureau's Insurance Rate Increase Request

On October 30, the North Carolina Rate Bureau, representing state insurance companies, filed a request with the NC Department of Insurance to raise rates on dwelling policies, which cover second homes, vacation rentals, and year-round rental properties.

For Territory 110 (the beach areas of Dare, Currituck and Hyde counties), a rate increase of 40.6% is requested annually on July 1, 2026 and July 1, 2027.

For Territory 130 (the non-beach areas of Dare, Currituck and Hyde counties), a rate increase of 37.4% is requested annually on July 1, 2026 and July 1, 2027.

The last dwelling rate increase approved by the NC Department of Insurance became effective on November 1, 2024.

The Rate Bureau is requesting increases over a two-year period.

Public comments may be submitted to NCDOI by November 19, 2025 as follows:

Emailed comments should be submitted to: 2025DwellingandFire@ncdoi.gov

Written comments may also be submitted to:

Kimberly Pearce, Paralegal III
1201 Mail Service Center
Raleigh, NC 27699-1201

When submitting comments, include your name and North Carolina property address.

Please consider the following points when submitting comments.

Request NC Department of Insurance Commissioner Causey to DENY the 2025 Dwelling Rate Filing because the NC Rate Bureau’s proposed rate increases are unwarranted and unjustified.

Rate increases of 14.9% and 5.8% for territories 110 and 130 respectively for extended coverage dwelling policies became effective on November 1, 2024 These 2024 rates have not been in place long enough for their effectiveness to be adequately evaluated. Back-to-back double-digit rate increases in 2026 and 2027 are unsustainable for North Carolina property owners.

The latest filing includes extended coverage rate increases for territory 110 of 40.6% and for territory 130 of 34.7%. respectively. These requested rate increases are excessive and unfairly discriminatory compared to other rates elsewhere in North Carolina.

Admitted carriers in North Carolina are limiting their exposure in coastal areas by discontinuing coverage in these areas. This limited coverage, coupled with increased premiums, is creating an insurance crisis. Attainable coverage plus sustainable rates equal fair insurance for policyholders.

As temperatures drop, make sure your home is ready for the season. Have your furnace, wood stove, fireplace, and chimney inspected before the cold sets in. Remember to test your smoke and carbon monoxide alarms every month a quick check that can make all the difference in an emergency. Stay safe and enjoy a warm, worry-free holiday season.

This is a great weekend to be creative and create some artwork to be on display in the Dowdy Park Free Little Art Gallery. Be sure to bring your art or join us for the grand opening on this upcoming Monday, November 17 at 4 p.m.

Dowdy Park Holiday Markets and Other Events 2025

As you prepare for your family feast, here are a few tips to keep your dinner as eco-friendly as possible: Remember to recycle your cleaned glass, aluminum and paper products. If there is food waste, be sure to use your regular trash bin. Use re-usable containers for left overs.

Board of Commissioners and Planning Board Meeting Dates

View a calendar of all the upcoming meetings.
View meeting agendas for the Board of Commissioners and the Planning Board.
All Board of Commissioners and Planning Board meetings are livestreamed via the Town's YouTube channel and meeting videos are available immediately following the close of the meeting.