07/09/2026
Fewer insurance claims doesn't always mean lower costs.
Industry data shows property claim frequency has declined, but the cost of repairing homes continues to rise because of higher labor and material prices.
That's one reason it's important to review your insurance coverage regularly. Construction costs can change quickly, and you want to make sure your policy keeps pace.
A quick policy review today can help prevent surprises after a loss.
Claim assignments dropped nearly 9% year-over-year in Q1, but maturing severity figures could push average losses toward record territory, according to Verisk Property and Restoration Solutions.