Home Insurance And Renewals???
We have certainly let you know about the rising home premiums over the last several years in the industry (see our prior blog, What Other Agents/Insurance Companies Don’t Want You To Know About Your Home Policy?). But now companies are doing much more than just raising premiums. They are switching to actual cash value (ACV) payouts instead of replacement cost AND raising deductibles. To make matters worse, other insurance companies are making these changes on your renewal without you noticing…until of course a claim happens!
Price is certainly important, but you never want to sacrifice coverage. After all if you bought insurance on price alone you should just get the most lousy policy out there. Most people want a balance between great coverage and pricing.
If you are a client of ours, you can rest easy knowing that we do a thorough analysis of your renewal to make sure you still have the best coverage and pricing available.