What is excluded from the NCIUA's insurable property criteria?

The North Carolina Insurance Underwriting Association (NCIUA) was established to provide insurance coverage for properties that are considered high risk and are otherwise difficult to insure in the standard marketplace. The criteria for insurable properties under the NCIUA mainly focus on real estate associated with residential, farm, and commercial types of properties.

Vehicles are distinctly excluded from the NCIUA’s insurable property criteria. This is because the NCIUA's mission is centered on providing property insurance, which does not encompass automotive coverage. Instead, vehicle insurance typically falls under separate regulatory frameworks and organizations that specifically handle motor vehicle insurance. Therefore, the correct understanding of the NCIUA's focus helps clarify why vehicles are not included in the scope of insurable property as defined by this association. This distinguishes them from the other categories listed, which are eligible for coverage under its provisions.