2011 has been the year of storms for insurance companies. Not to mention Katrina and Ike in previous years. Below is a list of what insurance companies have paid, so far, for 2011 damages.
Once you take a look at the numbers you will see why many homeowners are seeing increases on home premiums is because the insurance companies have to rebuild their bank account, otherwise they won’t be able to pay claims. And when the companies raise rates, they don’t just pick and choose; the rate increase goes out to all policy holders.
When you look at your policy remember to take a look at Wind/Hail Deductibles. Because Wind/Hail is the most common insurance claim, insurance companies are starting to no longer offer low deductibles such as $250 and $500. Many have set $1000 has their lowest dollar deductible they offer, with some even going to only offering percentage deductibles. Example: the insurance company may change to a mandatory 1% deductible for Wind or Hail damage. If you have a home insured for $250,000, your deductible will now be $2,500. online contact form or give us all call.
For more information on Property and Casualty contact Drew Hubbard, CLCS, Van Meter Insurance Group, Houchens Insurance Group. Drew's email is email@example.com or call his office at 615-771-4172, or on his cell: 615-879-7817. Please note that insurance coverage cannot be bound, mended, or altered via email. Verbal or written consent is required.
So when you are to buy or sell property in Tennessee then it is time to work with Diane O and Friends.
Our team of professionals always do our homework and find you the best deal at the best rate. For more information about Diane O and Friends and our real estate services please fill out the
Diane Cell Phone: 615-406-2184
Mandy Cell Phone: 615-477-6959
Spring 2011 Tornado Losses
|Allstate Corp.||$2 billion|
|State Farm||$1.75 billion|
|Travelers Companies||$1.05 billion|
|Zurich Financial||$295 million|
|Cincinnati Financial||$290 million|
|State Auto Financial||$135 million|
|Hanover Insurance||$85 million|
|Aspen Insurance||$60 million|
|Hannover Re||$45.6 million|
|Montpelier Re||$35 million|
|Flagstone Re||$30 million|