The Larry Elder Show 6:00pm - 9:00pm

Listen Live

Search

Delaware Officials: Property Value Changes Won’t Raise Insurance Rates

Tuesday, March 10, 2026 at 4:25 PM

Delaware insurance regulators are addressing homeowner concerns about rising premiums linked to property reassessments. State officials clarify that reassessed property values don't directly impact insurance costs.

DOVER, DE (March 10, 2026) – Delaware insurance officials are stepping forward to clear up confusion among homeowners who worry that ongoing property reassessments across the state will lead to higher insurance bills.

The state’s Department of Insurance, along with its Consumer Services & Investigation division, is launching an educational effort to inform residents that property value reassessments have no direct connection to homeowners insurance premium calculations.

According to state officials, numerous Delaware residents have reached out with concerns that the statewide reassessment process currently underway will automatically trigger increases in their annual insurance costs.

The department’s advisory aims to explain the actual factors that insurance companies use when determining premium rates for homeowners policies.

Share

More from TV Delmarva Channel 33 News

  • Experts Urge Farmers to Apply Herbicides During Current Warm Spell

    DELMARVA — Agricultural producers should take advantage of the current warm spell to get early season herbicide applications down, according to FMC Corporation’s regional technical manager Gail Stratman. She is urging farmers to capitalize on optimal weather conditions now, saying by late March and early April timing becomes critical for effective weed control. The window […]

  • Salisbury University Lacrosse Star Earns National Weekly Honor

    Blake Malamphy from Salisbury University's men's lacrosse team has been recognized as the National Division Three Player of the Week by USA Lacrosse Magazine. The recognition comes after an outstanding performance on Saturday for the fifth-ranked Sea Gulls program.

  • UD Women’s Basketball Upsets #9 Kennesaw State in Historic CUSA Tournament Win

    The University of Delaware women's basketball team pulled off a stunning 66-47 victory over ninth-ranked Kennesaw State in their first-ever Conference USA tournament appearance. The Blue Hens advance to face top-seeded Louisiana Tech in Wednesday's quarterfinal round.

  • University of Delaware Brings Back Free High School Team Admission Program

    The University of Delaware's athletics department has announced the revival of their high school team days program for spring 2026. Local high school teams can attend select Blue Hens sporting events at no cost by pre-registering their team rosters.