What does the NC joint underwriters association (NCJUA) aim to provide?

The NC Joint Underwriters Association (NCJUA) is specifically designed to provide basic property insurance for individuals who are considered high-risk owners. This includes those who may have difficulty securing coverage through the standard insurance market due to factors such as claims history, the condition of their property, or other risk-related issues. The objective of the NCJUA is to ensure that these high-risk property owners have access to essential insurance protection, thereby promoting stability within the property insurance market and reducing the number of uninsured properties.

In contrast, the other options focus on aspects that are outside the primary mission of the NCJUA. For instance, insuring high-value properties or providing premium rates for low-risk individuals does not align with the association's focus on high-risk owners. Likewise, extended coverage for all property types falls outside of the NCJUA’s intended purpose, as it specifically addresses the needs of those who would otherwise struggle to obtain basic property coverage.