06/13/2022
One of the more understated hot topics with the crisis going on is what it is doing to your personal policies.
As the value of your belongings goes up, sometimes significantly, so does the risk that the insurance company takes when insuring it. With the skyrocketing price of and materials used to build many clients have seen premiums go up above average for a yearly renewal.
This is something completely out of the hands of the companies taking on the risk. It is not a personal attack or greed it is simply the fact that your items need to be covered for their current replacement value.
If you want to mitigate these increases we encourage you to take time to talk with your broker, and understand that we are not the reason for these increases, we don't control the market. What we CAN do is shop your policy and work with you to get an accurate replacement cost on your property. This way at the very least, you can carry on with your day knowing an increase is justified.
