Understanding the Factors Behind Rising Insurance Costs in Today’s Economy
A variety of events have disrupted economies here in the US and around the world. This
is impacting many industries, including the insurance industry. As your local
independent agent, I want to help you understand how these challenges might impact
the cost of your insurance. Auto and home insurance rates are increasing, driven by
material shortages, and unfilled jobs, extreme weather, and more frequent and
expensive claims. These factors are impacting many insurance carriers. As rates change,
it’s important to consider the value of your current policy rather than just seeking out
the lowest rate.
For instance, Travelers offers a wide range of coverages that can be personalized to
meet your needs, plus flexible options and great discounts. Combine that with Travelers’
unmatched commitment to exceptional claim service, including real time video chats,
virtual inspections, and electronic claim payments, dollar for dollar, that’s a lot of value.
If you have questions about your policy, do not hesitate to reach out. In the meantime, I
am always working to ensure you receive great value and coverage that meets your
needs.