Home Insurance and Premium Rates in 2012
Over the last few years the insurance industry has seen some record claims. Last year 2011 we saw the devastating tornadoes that went through the heart of theUnited States. This year tornado session has come early. Thus far the United States has seen 383 tornadoes from Jan 1, 2012 through March 31, 2012.
Last year we have seen a record number of large hail losses. See the attached web site
Last year we had 9,417 large hail storms that caused property damage. The High Wind storms across America were not much better.
There were 18,685 High winds Storms that caused property damage. Last year there 1,894 tornado’s that caused property damage and human death.
What does this mean for the home owner???? Insurance companies are having to take rate increases even if you did not have a claim in the last few years. Also, there are some insurance companies that are not issuing any new home policies.
BDH Insurance Solutions represents 15 admitted insurance companies. Even in times like this we will be able to find you the right coverage with the right price. Give us a call to see what we can do for you.