Pacific Hometown Insurance

01/02/2023

We wish you all a Happy New Year for 2023!

07/01/2022

04/20/2022

You most likely have seen your insurance rates increasing along with the cost of everything else. What you may not realize is the global impact that is trickling down due to supply and demand.
Vehicles and also Home materials have escalated, but also the increased labor rates and shortage of skilled workers. This causes longer repair times which can increase costs to Insurance Companies.

Also to consider is your coverage. To replace a home today can be hundreds of thousands more than it was just a few years ago. Same with vehicles and new technology. Are you properly covered?

A new vehicle today can be over $60,000. Did you know the State Minimum Coverage in Oregon is just $25,000? What would you do if your insurance did not cover the gap? Not to mention Bodily Injury. Most likely your next asset would be on the line: your home, your toys, your rental homes or all of your savings.

We are in an inflated world and costs are not decreasing. Now is a good time to check your coverage and make sure you know what you are paying for and if you are properly covered if the unthinkable happened.

Inflation is certainly taking its toll on people's wallets — from food to housing costs to car prices. Now drivers can expect a bigger bill on their car insu...