07/15/2023
Insurance is getting wild! 🌀 New rules pop up daily. The market’s tightening up fast, particularly for auto and home insurance. 💥 Premiums are rising, claims cost more, and carriers are bowing out. Why?
➡️ Rising cost of home rebuilds and car repairs 🏠🚗
➡️ Soaring medical care costs 🏥
➡️ Costly litigation and settlements ⚖️
➡️ Increased frequency and severity of auto accidents 🚙
This turbulence will likely last till 2024, leading to frequent rate increases. But you can:
✅ Opt for higher deductibles
✅ Sign up for telematics discount if available
✅ Bundling (still think it’s a marketing ploy) but it might help
✅ Follow traffic rules strictly 🚦
✅ Absorb small claims if possible
✅ Seek an experienced Insurance agent
We, your agents, are here to help. We don’t control the rates or rules, but we’ll guide you through this storm.🚣♀️
