Proposed homeowners’ insurance hike could send 75-year-old Swansboro man back to work ...Middle East

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Proposed homeowners’ insurance hike could send 75-year-old Swansboro man back to work
source : NC news line ( Middle East ) () 19
North Carolina's Department of Insurance is considering an industry request for large increases in homeowners' insurance rates. (Getty Images)Seventy-five year-old Swansboro resident Boyd Pate is reluctantly thinking about returning to work to help make ends meet. The retired Durham firefighter who moved to the coast decades ago to enjoy his twin passions  — boating and fishing — said expenses are beginning to outpace the modest increases in his state pension and Social Security checks. The roughly $6,200 in state and federal benefits that he and his wife receive each month isn’t going as far as it used to, he said, and is being stretched to the breaking point by inflation, rising property t

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