Join me, Kelly Northlee as I chat with Tyler and Kris about the hot topic of inflation and how it effects your insurance!
Insurance is up, used car prices are up, and as claims roll in , costs are also up, while premiums are less than pay out creating a huge pressure on rates.
historically, there is an Increase in natural disasters creating a rise in car and home insurance costs as well. 2023 = 141 out of 365 days were reported with large hail storms .. creating more damage.
New cars come with the increase of technology but at the cost of repairs and loss of inventory and sufficient tradesman the over cost claims on newer cars is at an all time high.
Please talk to your agent about your claims and policies as that with all these new dynamics, insurance is getting more complicated. all the more reason to get in touch with a professional who cares for your coverage.
