Inflation Forcing Carriers to Raise Auto Rates We noted before that it takes little effort to recognize the pain of inflation when we stop to pump gas or check out at the grocery store. The increased cost of living has become widespread and continues to rise, from transportation and food to healthcare and housing. […]
Save Money by Self-Insuring Small Auto Claims
With harsh weather conditions and fluctuating temperatures in the northeast, debris and gravel emanating from the road, and minor accidents and fender benders, windshield chips and breakage are extremely common. In fact, auto glass damage generates more insurance claims by far than any other vehicle-related claim. Electing auto glass coverage as part of one’s auto […]
Inflationary Increases Affecting Your Home Insurance Costs
It takes little effort to recognize the pain of inflation when we stop to pump gas or check out at the grocery store. The increased cost of living has become widespread and continues to rise, from transportation and food to healthcare and housing. The cost of building materials in particular has been increasing significantly and […]
Why Are Building and Reconstruction Costs Rising?
The U.S. construction industry has been overwhelmed since late summer with exorbitant price increases. Total reconstruction costs, including materials and retail labor, surged 9.2 percent from October 2019 to October 2020. A 5 percent increase in total costs occurred in the third quarter of 2020 alone. The key factors driving these increases include multi-month manufacturing […]
Maintain Home Replacement Cost, Insure to Value!
Chubb Personal Insurance recently sent out a document that compared the replacement cost and the market value of a home and the importance of maintaining insurance to VALUE. The document sets the scene by stating in March 2011, a homeowner was smoking a cigar, dropping the ashes into their garage garbage can, and later that night, […]