Insurance agents and policy holders across the United States are facing an escalating crisis of inflation that is driving across the board increases to insurance rates. This recent article from Agent’s Alliance explores property insurance rates – why they are soaring and how insurance agents can help their clients better manage these rate hikes.
The article describes how “soaring inflation…has an effect on rising insurance rates. Consumers are feeling this when it comes to all types of insurance premiums, not just homeowners.” Rate increases are an unavoidable aspect of the insurance business, so agents must be prepared to address this with their customers. The piece details a range of actions agents can take to help their customers soften the blow of these rate hikes, including maximizing all possible discounts, improving their home resiliency and security, and reviewing their coverages and possessions to help avoid possible over- (or under) insurance.
To learn more about the about why property insurance rates are soaring and how you can help your clients manage these rate hikes check out the full post here: