Shift Insurance on Increase in Home Insurance Claims


Posted November 21, 2015 by suleman

Shift Insurance has a take on the upward trend of severity in home owner insurance claims, and the benefits of personalized insurance this winter.

 
Trends in 2015, according to research, began an investigation as the frequency of claims and the average cost/severity of claims paid by the homeowner's insurance companies. Over a 17-year period, the average severity was increased by 7.8% (more than three times the rate of inflation). The rise more than offsets a 2.6% decrease in claim frequency.

These increases challenge Shift Insurance as well, but the company continues to pay the claims. However, the customers need to consider taking steps to control their personal exposure to these risks and prevent mitigation of damages and costs involved with weather severity. The added claims continue to drive the cost of insurance coverage up. These trends continue to mount.

This unfortunate trend has caused many people to neglect getting essential insurance coverage. Shift is here to assist those customers to receive the most affordable coverage possible. It is unfortunate in California because of the weather situation. It is predicted the El Nino will drive heavy rain and snow to many areas creating mudslides and flooding. This continues to drive the already desperate trends.

Shift plans on approaching this by raising the homeowner's insurance deductibles. This can also help save up to 25% on your insurance premiums. Bundling can also help with these insurance costs. The insurance staff will be sure you receive all possible discounts for which you are eligible. You can receive discounts for deadbolt locks, smoke detectors, and having fire extinguishers in the home.

Your specific insurance needs are met with exclusive packages suited for you. Shift's is not a 'one size fits all' kind of business. You will get exactly what you need and a price ideal for your budget. Our expert staff knows all the 'loopholes' that will give you the best possible insurance for your home. Don't worry; let our trained personnel look out for you!

About Shift Insurance

Shift Insurance is conveniently located in Lakewood, California. Please feel free to go online for a special form to get a personalized quote. This will provide you with valuable information about your new homeowner's insurance policy. You will save money and may also choose to speak with a Live Agent at 562-714-9424. Our team of experts will be awaiting your special call.

Source: http://newswire.net/newsroom/pr/00000000-shift-insurance-on-home-insurance-trends.html

Contact:
Shift Insurance
5150 Candlewood Street, 6E, Lakewood, CA 90712, United States
5627149424
[email protected]
http://www.shiftins.com/
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Contact Email [email protected]
Issued By TriplePeace
Website http://www.shiftins.com/
Country United States
Categories Business
Tags shift insurance
Last Updated November 21, 2015