We get many calls per day asking why rates have been rising lately. Grange, one of our many carriers, put together this infographic to explain why. The information applies regardless which insurance company insures your home. Auto claims have seen similar increases due to the same factors. The fact that many of our providers halted or slowed increases during the pandemic to provide relief to their insureds has put them even further behind on premium collected vs. cost of claims paid.
Rising Cost of Insurance Claims
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