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Why Do Home Insurance Rates Continue to Rise?

These are the factors that can affect your Home Insurance Rates. Check this out!

  1. Labor shortages: Labor market pressures have driven repair costs up even more with fewer available workers, extending timeframes for getting work done.
  2. Extreme weather: Major destructive weather events such as hurricanes and wildfires are on the rise. This leads to trends where claims are both more frequent and more expensive.
  3. Inflation: The Consumer Price Index (CPI) has risen more than 9 percent since July.1 That means we’re all spending more for the same goods and services
  4. Building materials: Inflation is even higher when it comes to many of the materials commonly required for home construction and repair

Discover the peace of mind you deserve. Contact us today at 301-428-4935 and experience the difference of having a knowledgeable, local agent by your side. We’re here to simplify your insurance journey and navigate the complexities together.

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Don’t settle for uncertainty. Take charge of your coverage and trust Klinger Insurance Group to deliver when it matters most. Even if you’re not a current customer, get a quote now and witness how we excel in challenging times.

Join the Klinger Insurance Group family today and safeguard what matters most to you. Contact us now at 301-428-4935 or visit us for easy, comprehensive home insurance.