All Insurance Industry Insights on Wednesday, October 11, 2023
Inflation will cause the price of all insurance policies to rise slowly, but you may have noticed that rates have risen more than normal lately. Most lines of insurance cycle between soft and hard markets over a number of years, which has a direct impact on the price you pay.
Now, rates are rising and the market is hardening due to inflation, severity of storms, frequency of storms, the rising cost of vehicles and the cost to repair them, and more. With the changing insurance climate, it’s more important than ever to have an agent who can work on your behalf to advocate for you and make sure that you are receiving all available discounts.
Make sure to contact your PDCM agent if you have done any of the following:
· Replaced your roof
· Updated wiring in your home
· Updated or replaced plumbing or your furnace
· Added a home security system or security device
· Added a generator
· Paid off your home mortgage
· Paid off the lien on your vehicle
Work with your PDCM agent to assess your current coverages, explore discounts and answer any questions you may have. We are dedicated to bringing you #SMARTER insurance solutions and competitive rates.