The severity and frequency of insurance claims, along with the cost of goods and services are why carriers are raising their base rates…and your coverage may not be keeping up with inflation. Rising replacement costs means that what used to be covered by your policy may no longer be sufficient.

Attached are two flyers from the Hanover Insurance Group that explain why rates are increasing and underwriting is tightening up.
Understanding Trends Impacting Homeowners Coverage

Why you may need more home and auto coverage.