Is your insurer cancelling or non renewing you? Are you blindsided by the rate increases? Don't understand why big insurance companies can keep raising rates and you have not had any claims. Well here's the scoop. Insurance companies rely on making a making a profit from the sale of insurance. When claims exceed the amount of premium that they take in somehting has to happen for them to stay in business. Many carriers rely heavily on REinsurance- insurance for insurance comapnies. If an insurance company cannot make a profit then guess what has to happen to rates for them to stay solvent. With all of the claims we have had in our areas since '08 carriers have struggled to break even. You will continue to see rates stay high and even increase over the next year or so. Since most rates are set geograpically you may not have had a claim but if many others in your area have then your rates will go up also. Many of the large carriers have already taken rate increases. Can you shop? Should you shop? There are advantages to shopping. Call us today and let us give you the top 3 reasons to shop your home and auto insurance. We make insurance quick, simple and easy to understand.
W. Barrett Hill Insurance Agency
Home Insurance in Georgia
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