While many of us have been lucky enough to have been outside the path of the recent round of weather destruction, nearly all of us know someone personally who was affected. Unfortunately even those who aren’t directly hit by the wind and hail will still feel the impact of the storms in our wallets as the insurance companies rates rise to cover the claims. We have been fortunate to have had many years of historically low insurance rates with little to no rate increases; however, I am confident in saying those days are behind us for a while.
So get ready for large rate increases for your property insurance, and higher deductibles as well. And trust me I don’t like paying for insurance any more than you so I am right there with you cursing the storms and the companies!
Heather McGregor, RHU