How to fight insurance rate hikes!

I recently attended a webinar about the insurance crisis that was put on by Insurance
Hub and the presenter Lauren Leib was talking about rates that you can continue to expect
rate increases like I know great news. She says if you have a clean loss record then you're probably looking anywhere between a 10 and a 50% increase in rates.
If you don't have a clean loss history or if you're purchasing a piece of property that
doesn't have a clean loss history you could be looking at anywhere from 50 to 150% increase
in your rates.
So what do you do? You may want to start looking into upgrading your systems.
There are some things that you can do. Through repair nation we have a network of contractors in multiple different states. So if you check out www.inspectagator.com, click on the resources tab and you'll see Trusted Vendors list and you can go through there and find a contractor if you don't already have one. If you have old systems like aluminum wiring, FPE, bulldog, zinsco, something like that you may be looking at replacements. And some of those aren't too bad but full rewiring can be very very expensive as in tens of thousands of dollars in some cases.
If you have something like polybutylene or pex, a replumb is very expensive but
it's always less expensive upfront especially if there were to be a break and you get a huge
water loss claim or a mold claim and that sticks around with you for a long time.
So look into some of those kind of things.
I also did a recent video on third party inspection documentation. You can see that on our CZcams channel. If you look for home inspection channel or Jon Bolton you'll find it.
There's a lot of, matter of fact there's a lot of cool insurance videos on there because
there's a lot of things are going on. So hate to be the bare bad news but also want to help you be proactive in fighting these because there are some things that you can do. Like I said the upgrades that will help keep your rates as low as possible.
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