If you’re like most homeowners, you’ve noticed that your insurance rates have gone up steadily over the past few years. In this article, we’ll take a brief look at the causes for increases in homeowner’s rates.
Why Are Homeowner’s Insurance Rates Increasing?
The answer to this question is quite simple. Homeowner’s insurance rates continue to rise due to:
- Weather related claims
- Poor economic conditions
- Low return on investments
- Home owners loan defaults
What Other Influences Are There on Homeowner’s Rates?
Homeowner’s insurance rates are influenced by several factors:
- Credit Scores
- Loss History
- Age of Home
Kincaid Insurance Group offers several options no matter what type of house you call home, your credit history, or even your loss history.
Call or email us today and let us show you how much you can save as well as be properly protected. Request a quote today to find out how much you could be saving.
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