BUSTED
The cost of building materials and auto repairs continue to rise
consistently driven by supply and demand. Petroleum, wood, copper and steel
continue to rise in cost and that is recognized
when losses occur. Autos have electronics and sensors. Older vehicle repair
parts are difficult to find driving the cost higher. Your loss record applies
to your policy but all insurers spread the cost of insuring
their risk value according to actuarial data bases.
Proximity to the coast
increases the potential loss so your cost to insure
is more than that of someone at a distant
location. Higher populated areas see more frequent losses due to fire, theft,
and accidents so that is calculated. Proximity to fire services and water
supplies increase the amount of potential losses for rural areas.
Potential for
inclement weather (ice, hail, wind storms,) as well as the age and exterior of
your home are included. Unfortunately, your record isn’t the only factor
considered at each policy period renewal. It is important that you can reach
your agent at GIA LLC “the available agent” when you have any questions or
concerns about your coverage “Where customer satisfaction is the gauge we
measure success by!”
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