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Insurance companies want to hike rates for rental and investment properties by nearly 50% statewide, but a lot more at the coast. Why? Blame climate change and rapid growth  If you own a second home at the beach or an investment property, prepare to take another hit in the pocketbook.
Less than eight months after raising insurance rates on rental properties by a statewide average of nearly 10%, the group that represents the state's insurance industry wants to increase the cost of new and renewing policies by more than half starting next summer. Continue to read this article by Gareth McGrath USA TODAY NETWORK HERE
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Effective June 28, 2024; Jessica Cody & Jeremy Sheridan are no longer associated or appointed with or through Trout Insurance Services, Inc.
They may be reached at 828-713-8640 – Cody, 828-606-7994 – Sheridan.
This is an amiable separation and they have our confidence they will continue to act as the professional agents as they have demonstrated over the years with TIS. Our agreement includes provisions that they will retain the agreed policies which they previously directly managed under the Trout Insurance agency license. They will be initiating “Agent of Record Transfers “ to their new agency and /or insurance companies and we will honor those requests. Until those transfers are effective, Trout Insurance retains the fiduciary responsibility under our North Carolina Department of Insurance license & obligations to service your policy. Our commitment is to do so in a polite, effective and efficient manner.
Please send any and all requests and questions to this designated email address: [email protected] or call 828 – 519-5218. these are monitored daily. Please allow three working days for our response and resolution. Please further note that policy changes may not be changed or bound via voicemail or merely email. Per insurance regulations, a licensed agent appointed by that company must make the change.
They may be reached at 828-713-8640 – Cody, 828-606-7994 – Sheridan.
This is an amiable separation and they have our confidence they will continue to act as the professional agents as they have demonstrated over the years with TIS. Our agreement includes provisions that they will retain the agreed policies which they previously directly managed under the Trout Insurance agency license. They will be initiating “Agent of Record Transfers “ to their new agency and /or insurance companies and we will honor those requests. Until those transfers are effective, Trout Insurance retains the fiduciary responsibility under our North Carolina Department of Insurance license & obligations to service your policy. Our commitment is to do so in a polite, effective and efficient manner.
Please send any and all requests and questions to this designated email address: [email protected] or call 828 – 519-5218. these are monitored daily. Please allow three working days for our response and resolution. Please further note that policy changes may not be changed or bound via voicemail or merely email. Per insurance regulations, a licensed agent appointed by that company must make the change.