Here’s another homeowner’s insurance article and video that you need to pay attention to because this will affect you, especially if you are a homeowner.
Currently, State Farm Insurance is looking to raise its rates on homeowner’s insurance by more than 50% for certain homeowners. In fact, their plan is to raise their rates by 30% on all homeowners, 36% on all condo policies, and raise their rates by 52% on all renters insurance policies.
When one insurance company decides to do something so drastic with rates, the rest will follow, unfortunately.
The good news is, if there is one to this story, is that at least State Farm Insurance is not leaving the State of CA altogether. When consumers do not have choices for goods and services, everything becomes a lot more expensive because there is less competition.
If you find yourself needing some additional information or think enough is enough, call me, and let’s look at all your options.
Click Here to Read the Article
Source: Fox Business
|