I've talked about this many times over the past year. The insurance press is also full of articles on the subject. The insurance marketplace is as competitive as ever. Insurers are very aggressive in their pricing for good risks (well run companies with low losses). This is the time to push your agent and current insurers. If you have not been to bid recently, do it this year.
The John Liner Letter is a well respected monthly insurance publication. They tackle the tough insurance issues.
Their February issue covers the current state of the market. They have graciously allowed me to post a summary of their report.
In short, competition remains at a high level and will for most of the year. Premiums are dropping for good risks. Underwriters are aggressive - with coverage and price.
Seriously consider bidding your insurance at the next renewal. It is the best way to get better coverage and better pricing.
Insuredly,
Scott
The John Liner Letter is a well respected monthly insurance publication. They tackle the tough insurance issues.
Their February issue covers the current state of the market. They have graciously allowed me to post a summary of their report.
In short, competition remains at a high level and will for most of the year. Premiums are dropping for good risks. Underwriters are aggressive - with coverage and price.
Seriously consider bidding your insurance at the next renewal. It is the best way to get better coverage and better pricing.
Insuredly,
Scott
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