COVID-19's effect on every aspect of the industry is evident. As a homeowner who has existing home insurance or if planning to get a policy, you might be formulating questions about how it works right now during the new reality we are facing. Here are several things you need to know about home insurance during a public health crisis.
The COVID-19 pandemic has affected many individuals, businesses, and even the economy worldwide. Nowadays, some companies are struggling to maintain their performance and consider different ways to lower operating costs. If you are experiencing the effects of the crisis, you are probably thinking about how to save money on your business insurance. Here are a few considerations to obtain a cost-effective means amidst the coronavirus outbreak.
The rates for commercial auto insurance have slowly increased for the past ten years without any ideas on when it will level off. Although it is still difficult to assess the coronavirus’s total impact on the industry, the key trends affecting the market before the pandemic began will likely emerge again as the economy rises.
Where you currently reside often has a significant effect on your auto insurance premium rates, primarily because of the various regulations that each state requires. In most states with high living expenses, auto insurance prices are three to four times higher on average compared to the cheapest ones.