Rollo Insurance Blog |
No matter your carrier or location, the insurance market is rapidly tightening, especially for home and auto insurance. This holds true nationwide, but states like California, Florida, and Texas feel the brunt.
Key Points:
Reasons for Change: 1. Claim costs have surged in recent years. 2. Increasing material and labor prices affect the costs to rebuild homes. 3. Car repair expenses have soared due to advanced technology and parts. 4. Rising medical care costs, notably for auto injuries. 5. Increased litigation expenses. 6. Higher frequency and severity of post-COVID auto accidents. 7. Reinsurance markets are strained, with skyrocketing rates. What You Can Do:
Remember, insurance agents are intermediaries. They navigate this evolving landscape, ensuring you get the best possible coverage. At Rollo Insurance of Dripping Springs, we’re experiencing the same challenges and are striving to guide you through. If you're looking for home or auto insurance for you or your family, get in touch with us today. We are more than happy to provide you with a free insurance quote.
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