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Friday, January 25, 2013

Homeowners rates will be increasing – Here is why …

Yikes!  Everything is getting so much more expensive – gas, food, taxes, and even insurance!  The Insurance Information Institute shared a video to explain why you may find your homeowners’ coverage increasing:

1) More severe weather continues to pound areas throughout the US causing severe – snow storms, super storms, hurricanes, not to mention fires and earthquakes.


2) The cost to repair a home after a catastrophe is much higher – even more expensive than building a new home from scratch.

3) Interest income on investments is lower, which in the past was used to offset the insurance claims costs for insurance providers.

4) Reinsurance rates have risen due to global catastrophic events and have put pressure to increase rates here in the US.  And actuarial studies sophisticated claims modeling are being used to support even higher rates.

Add to all of that the complexities of your individual home’s location, age, and construction --- and the question becomes how can you control the rising cost of living???!!!

Your Trusted Choice agent is a good place to start.  Your local professional agent can assist your with  reviewing your coverages for adequacy and will offer you options on coverages, companies, and deductibles.  You get to choose.

To help you through the maze of coverages, carriers, premiums, and find ways to save money on your insurance, if you are on the Gulf Coast, contact your Trusted Choice agent, SouthGroup-Gulf Coast http://www.southgroupgulfcoast.com/ , SERVICE TEAM: Angelyn Treutel, Tammy Garfield, Dawn Garza, Tammy Hogue, Wendy Johnson, Denise Russell, Melissa Moran, Alex Treutel, Susan Monti, Kayleigh Davis, Matthew Langlinais, Anne Gillam, Ashlie Moody, and Whitney Zimmerman at SouthGroup Gulf Coast. You can reach us by snail-mail: 412 Hwy 90, Suite 6, Bay St Louis MS 39520, email: atreutel@southgroup.net , phone:228-466-4498, fax:888-415-8922, FaceBook www.facebook.com/southgroup.gulfcoast , or Twitter www.twitter.com/atreutel ! We now have 3 locations to serve you - 2505 Pass Road - Biloxi, 5400 Indian Hill-Diamondhead, and 412 Hwy 90 Ste 6-Bay Saint Louis, MS.

We offer the following Lines of Coverage: Workers Compensation, Auto, Home, Life, Health, Disability, Motorcycle, Boat, Wind, Flood, Commercial Property, General Liability, Directors and Officers Liability, Bonds, Group and Individual Life/Health/Dental/Disability/ Vision/Long Term Care, Business Owners, Builders Risk, Commercial Crime, Errors and Omissions, Dwelling Fire, Commercial Flood, Group Accident, Garage Dealers, Inland Marine, Law Enforcement Liability, Pollution Liability, Professional Liability, Personal Umbrella, Commercial Fire, Commercial Umbrella, Excess Flood, Identity Theft, more…

We serve Mississippi, Louisiana, Alabama, and many other states. We specialize in coastal exposures.