Many insurance policy holders are getting a big surprise when they receive their upcoming renewal notices.
The news in a nutshell?
Losses on the part of insurance companies are finally being seen in premium increases in renewal notices... AND as important, if not more so:
insurance companies are also pulling out of certain states or disallowing new and policy renewal approvals.
Why the sudden action on the part of carriers?
Are you SURE your homeowners insurance covers all you need in light of current inflation?
You might be surprised at how many people are underinsured to begin with, much less adding in the cost of inflation to that.
With the significant rise in construction costs over the past several years, your homeowners policy may not have enough coverage in case your home is damaged or destroyed.
Even if you have an extra inflation protection endorsement, it may not be enough to cover the difference between the inflation factor and your coverage.
As an independent insurance agent, I have numbers of companies to help you ensure adequate coverage at the best possible rates.
Call me today at 706-726-1446 for a comprehensive review and quote.