The Coastal Property Insurance Pool formerly known as the Beach Plan was created in 1969 by the General Assembly to provide an adequate market for essential property insurance, ensuring the economic welfare of the beach and coastal areas of North Carolina. The Coastal Property Insurance Pool is not a facility of North Carolina State Government; however, the Plan of Operation is subject to review and approval by the North Carolina Commissioner of Insurance.

The Coastal Property Insurance Pool offers commercial, homeowner and dwelling windstorm coverage and homeowner coverage to any person having an insurable interest in property located in the 18 eligible coastal counties of North Carolina. The Coastal Property Insurance Pool also offers commercial fire and dwelling fire in a more limited area defined as the beach area (comprised of North Carolina south and east of the inland waterway, including the area known as the Outer Banks).

The Coastal Property Insurance Pool is defined by the North Carolina General Statutes as the "Market of Last Resort"; therefore, it is highly recommended that property owners attempt to obtain insurance in the standard market. Your Insurance Agent may assist you in placing coverage either in the standard market or in the Coastal Property Insurance Pool.