What crazy things are going on in the insurance industry that have never happened before?
Posted: January 26, 2024
Some companies will not insure a new client if they are not willing to package a home and auto together. It's a flat-out no. If we don't put both pieces with the same company, we can't put you with them. One company will not insure your home if you have had ONE home claim in the past 5 years. It doesn't matter if the claim...
What is driving up the costs in the Insurance Industry?
Posted: January 26, 2024
Part of what is driving up the cost is the increased cost of claims. The cost of parts and construction materials has increased. The cost of labor has gone up. If companies are paying staff more, that is passed on to us consumers. Parts are also on backorder and the length of time to repair cars or homes is taking longer. Companies are having trouble...
