2012 was another very difficult year for insurance companies. Several storms, including hurricane Sandy, continue to put pressure on loss reserves and repair costs continue to increase. Another factor that will impact almost all insurance companies is reinsurance. Reinsurance is insurance for insurance companies and rates for reinsurance will almost certainly increase in 2013 and beyond.
Rates for home insurance in Virginia will continue to increase but there is something you can do to help. Discounts for package policies are at an all time high so make sure you review how much you can save with a package policy.
Contact The Andrew Agency to learn more or to obatin a free insurance quote!