Georgia homeowners have likely noticed the cost of their Homeowners Insurance on the rise. Insurance premiums have increased over the past years. It’s one thing if your premium increases with additional coverage, but another when the coverage remains the same and your paying more.
What is to blame? And, how can it be avoided?
As much as we would like to point the finger at the ‘mean old’ insurance company, this won’t solve any problems and actually is not the cause of the problem. Bummer, that would have been a good answer.
A significant amount of the price increase is due to the increasing numbers of natural disasters being felt in the Southeast. Unfortunately, the high increase in claims has put a great deal of stress on the insurance companies who are fearful of finding themselves again in similar messes. Thus, increased premiums.
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