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Mount Pleasant — Gov. Mark Sanford signed the coastal insurance bill here
Monday.
The legislation requires insurance companies to give property owners 90 days
notice if their policies will not be renewed during hurricane season. A
60-day notice is required for the rest of the year, up from 30 days.
The bill provides incentives such as tax credits for those who make their
homes more hurricane resistant and to companies that provide full coverage
to coastal residents.
The bill makes permanent a March wind-pool expansion that included parts of
James and Johns islands. It does not make permanent a second expansion that
took effect June 1 that included parts of Mount Pleasant.
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