Stay Ahead of Rising Insurance Rates with These Home Protection Strategies
As Home and Auto Insurance rates rise across the insurance industry, customers face the triple threat of higher premiums, higher claims costs, and, worst of all, a higher chance of being underinsured. Here are some of the reasons why rates continue to rise: - Building costs up 32% - Delays in materials, like windows - Longer temporary housing time - 40% increase in used car prices - Repairs taking 2x longer - 30% increase in rental car costs (Source: Hanover Insurance , Spring 2024) To keep insurance accessible to individuals and families, our approach to home insurance must evolve from a maintenance policy to a shared contract that helps you, as customers, actively protect your property in partnership with and support from your insurance company. Here are some things you can do to reduce your risk of a loss. Take proactive steps to protect and maintain your property. Focus on roof maintenance — the home’s first line