insurance cost

The insurance industry doesn't exist in a vacuum and there are some crazy things going on in economy and society right now including:

1. Post Covid supply chain interruptions mean it's taking longer to rebuild, repair and replace buildings, cars & equipment leading to significantly higher 'loss of use' insurance claims.
2. Once those structures or vehicles are repaired or replaced, they're being replaced at a significantly higher cost than before. Inflation has affected every facet of our lives and inflation tends to compound in the insurance industry. Here are just a few examples that have affected insurance claims:

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As prices for gas, consumer products and services rise often insurance costs follow the same trend. Insurance premiums for car insurance can vary based on multiple factors.
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We all start the New Year vowing to do better, with our health, our relationships, and of course, our finances. But how do you even begin to make improvements if your financial situation is far less than ideal? And if you're on the right track, how do you keep it going? Here's what you need to know about building and maintaining good credit.

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