Weston Agency Inc - Allstate Agency

06/05/2025

US News and World Report ranked Weston as the third best place to live in Florida. We are proud to claim Weston as our hometown base.

07/10/2023

As per Yahoo finance: The average home price in Florida is $394,000, 5% higher than last year. "Weston, FL" has the most expensive homes at $670,000, followed by Miami ($553,000). Lauderhill had the highest price increases on the average home, with prices growing 15% between 2022 and 2023.

02/22/2023

Guess the movie that this vehicle was featured in?

12/30/2022

Welcome back!!! Weston, Florida

04/21/2022

Career Day at Cypress Bay representing best Insurance agency. Weston Agency Inc - Allstate Agency Loren Krimstock Friedman Seth

02/11/2022

Auto Insurance Market State of Affairs

Why is the rate increasing….

Inflationary cost pressures are affecting the entire insurance industry. There is almost no area that insurance companies are not seeing cost pressures come. Here are some of the trends…
Rental Car Companies
Many of the rental car companies had to sell their cars in 2020 to stay afloat when no one was traveling and renting cars. Now they are trying to build their inventories back up, but they still don’t have enough cars. So they are charging more for the cars that they have, because there is a shortage within the entire industry. Add to that there is a huge shortage in new cars which they buy because there was a computer chip shortage and most of the car companies use the chips that are needed. So, when cars are made they are usually quickly purchased by businesses replacing fleets, rental car companies, or some consumers who are willing to pay 5 to 10% more than the pricing used to be.
Used Car Prices
Now is one of the best times in history to buy a home or a car with low interest rates. Those rates make it easier for cars to fit in budgets, so that is creating demand and there is not enough supply of cars to meet the demand. We’ve have seen prices go up for new cars significantly but also used cars. These cars cost us much more to repair in a total loss situation than before.
Car Parts Increasing
Given labor shortages and the mass “resignation” of consumers, car part companies are not able to keep pace with demand. They are having to raise wages to compete with other positions and the employee shortage has created a backlog of parts, which has led to increased prices. Depending on the part, their suppliers for their raw materials that go into the parts have their own shortages and backlogs.
Collision Repair Companies
We are even seeing collision companies set repair dates out 2-3 months in the future. They just cannot keep up with all the claims that are coming in. When people stopped driving in 2020 many had to layoff their employees as few drivers meant few insurance claims for repair. They have had to staff up and hire in this very tough labor market, and like everyone else had trouble finding great staff. So when that happens they have to increase wages and that comes over to us in the form of higher labor costs for repairs. In the repair business, they need a lot of lead time for that type of training anyway.
Lawyer Fees Increasing
As inflation hits, litigation fees most certainly increase as lawyers have much more leeway over the prices they charge. When they see inflation in their daily lives and vendors they use, they will of course pass that on. We of course use lawyers to defend our clients in lawsuit matters over claims. So in those situations insurance companies will be paying more for those lawyers we use to defend clients.

10/13/2021

Celebrating 22 years affiliation with Allstate. Weston Agency Inc - Allstate Agency

04/28/2021

Verizon voted Weston,FL #6 best city to start a small business.
Proud to serve City of Weston for 22 Years.

https://go.verizon.com/resources/the-best-small-cities-to-start-a-small-business/?fbclid=IwAR3bB8MY_V3lmZoQvCRe5eNI92oDwX2yY3ylqgmm9WZGJ9C8W-2qmSQhfts

12/29/2020

This holiday season, pass down the gift of a secure financial future with Allstate life
insurance. Let's talk today and find the right plan for you and your family.

12/22/2020

The holidays are a time to show your family just how much you care. This year, consider protecting them with a life insurance policy. It's the gift that truly keeps on giving. Call me for a quote.

12/16/2020

From checking and credit cards to loans and investments, it can be hard to keep track of your accounts. Our new tool, Allstate My Money, will help you do just that. Call me today to get started.

Do you have accounts all over the place?Allstate My Money can help you organize, analyze and plan all in one place.

12/08/2020

With the New Year on the horizon, now is a good time to review your finances. It's never too late, or too early, to make sure your goals stay within reach. Call me today for a complimentary financial review.