Rising Insurance Premiums

Insurance premiums are raising, in part due to the manner in which insurance companies now assess the risk of insuring a particular client and his/her property.

 

That is, new insurance models assess “occurrences of nature” risk over a very short-term horizon, so that two natural disasters in a short time period will significantly increase today’s home-owner’s insurance premiums.

 

Additionally, insurance companies share information with competitors through a Comprehensive Loss Underwriting Exchange (CLUE) database.

 

You may go online and order a free CLUE report at https://personalreports.lexisnexis.com/.


Prudence dictates that you might complete such a request at least one time per year to ensure there are no errors in the report.

 

Contact Mike, Andrea, or Mandee at Triplett Companies to further ensure you are receiving the best price for your insurance needs.