What’s Affecting Auto Insurance Rates?
Posted: February 9, 2023
What’s Affecting Auto Insurance Rates?Not only are driving patterns returning to pre-pandemic levels, repairs and replacements are more costly. Here are some of the factors that may influence premiums moving forward. 18 separate $1B+ loss events from weather and climate as of Dec 2022 1 Used car and truck prices up 7.2%; new vehicle prices up 9.4% Sept ‘21 - Sept ‘22 2 Supply chain issues have triggered shortages...
Premium Increases in 2022
Posted: May 5, 2022
Premium Increases in 2022Thanks to an unusual convergence of market trends, ushered in by the pandemic and other disruptive events, you may see a bigger change to the cost of your home and auto insurance than usual when it comes time to renew your policies this year. Insurance rates are based on what an insurer thinks it will cost to make you whole in the event of a...
Is Pet Insurance Worth It? A Pet Owner's Perspective
Posted: June 7, 2021
Is Pet Insurance Worth It? A Pet Owner's PerspectiveIn the past year, pet adoption rates have soared during the pandemic as people have found comfort in new furry companions. However, pets are expensive and like any other family member, they can become ill or injured. During those cases, veterinary care will be necessary. If your pet is insured, a significant portion of those out-of-pocket costs can be covered. Pet health insurance is similar...
Debunking 5 Flood Insurance Myths
Posted: April 6, 2021
Debunking 5 Flood Insurance MythsBy: Moira Bocrie and Jim Bocrie Jr. While the warmer weather is refreshing and thawing after the long winter, it also brings the melting snow and spring rains. The accumulation of water can lead to flooding, even in areas that have never experienced it in the past. People often leave flood insurance to the wayside due to common misconceptions. A flood is defined by the...
How Umbrella Insurance Can Protect You - Do You Need A Policy?
Posted: March 23, 2021
How Umbrella Insurance Can Protect You - Do You Need A Policy?By: Debbie Parish, CISR & Senior Associate Agent You are required by law in Virginia to carry minimum limits of liability to operate a vehicle. If it is good enough for the state it should be good enough for me, right? Nothing could be further from the truth. For example, the minimum the state requires you to carry is $25,000 per person for bodily injury...