Stormy Factors Could Lead to Homeowners' Rate Increases

May 22, 2023

No one likes for insurance rates to go up, but a perfect storm of factors could be driving up rates for homeowners' insurance customers across the country, especially in the Southwest. 

A combination of high population growth, fluctuating cost of building materials, and an increase in major weather events like hurricanes and floods are leading to premium hikes in several areas.  And while it may seem like this should be an issue for specific locations, huge claims events like a hurricane affect the entire country.

If you have noticed your premium creeping u, it is worth considering how exposed your property is to major weather events.  It is also important to know that this is an industry-wide change, not something just happening to you.

As your agent, we always look for ways to make your insurance work for you  We actively try to keep your policy as effecitve as possible without breaking the bank.  We are always here to help answer your questions and inform you about what is happening in our industry.  And we hope that sunny weather-figuratively and literally-lies ahead.

If you need to find the right homeowners policy for you, turn to Insurance of the Heartland in Custer County, NE. This local insurance agency provides personalized guidance to drivers across central Nebraska, including towns Ansley, Broken Bow, Sargent, Merna, among others. Whether you need help evaluating coverage options or meeting budgetary needs, their team will be happy to assist you. Call (308) 935-1537 to request a quote, or visit them online to learn more about how they can help.