2020 Insurance Rates
Question: Why are my insurance rates going up even though I didn’t have a claim?
Answer- A few main reasons we are seeing rates go up in Florida are due to the multiple hurricanes & disasters throughout the USA over the last several years. In fact, in 2017, the US faced OVER 306 BILLION dollars’ worth of destruction. That’s $306,000,000,000. That’s a lot of zeros.
In Florida, things more complicated even more by regulatory issues with regard to water damage & assignment of benefit fraud.
All of these factors are contributing to rising insurance rates, in several states & industries.
Question- What about the impact on commercial insurance specifically?
Answer- Commercial Insurance rates are also coming under pressure from a variety of sources including rising reinsurance costs, higher claims payouts & natural disasters once again.
Question- What can I do to help lower my rates?
Answer- There are several things we can do to help lower your rates. Regardless of the line of insurance you have, INCREASING your deductible, is always a way to help lower costs. You also want to make sure you are getting all credits & discounts you should be. For example, on your homeowner’s insurance if you have a central station monitored alarm, you want to make sure the insurance company is giving you a discount for that. Or if you have a youthful driver & they have over a 3.0 GPA, check with your carrier to see about a good student discount. For commercial insurance items that are based on revenue or payroll you want to make sure that your projections & figures are accurate, so you aren’t being overcharged. Call us today to review if you have any questions.
Question- What can you help do as my Agent/Agency?
Answer- Glad you asked! At Strategic Insurance we take a VERY proactive approach to managing your insurance. We have a team here to do a market comparison EACH year to make sure you are getting the best coverage & rates available. We also represent OVER 50 insurance companies to search for the best options in the market. We leverage our management system to set triggers for any rate increases that are over a certain percentage so that we can research better options. We also call you on your birthday to wish you a happy birthday just for fun!
Question- What if Strategic Insurance is NOT my current Agent/Agency?
Answer- SO we realize there are LOTS of people in our community that are confused, have questions & feel they may be over paying. Feel free to reach out to us today for a market comparison. You can ALWAYS TEXT or CALL our office at 866-INS-0123, or go to our website to LIVE CHAT with our team OR email us at Info@GetStrategicIns.com.
PS. IF we can’t help improve your current insurance situation, or save you money on your current insurance we will send you a $17 Amazon Gift Card via TEXT or EMAIL.