Welcome to 2022! As the pandemic continues to wreak havoc with health issues our cost-of-living expenses continue to be affected by a number of factors. Whether it be food, gas, clothing, or insurance we are seeing an increase in prices. We need to take a look at ways we may be able to adjust our budgets.
There has been a substantial rise in the cost of building supplies which has trickled down into a variety of insurance policies across the nation. For example, those who carry replacement cost coverage on homeowner policies have seen their annual premiums nearly double. While rate setting is out of our control try contacting your agent and see if there are any discounts available. There may be a chance for savings that you are not aware of which may result in a decrease in premium. Can you increase your deductible? Did you recently replace a roof? Upgrades to existing appliances? Many items are factored into the underwriting process so be sure to check it out.

Stay Safe. Stay Healthy.