Vehicle and home insurance customers can expect to see higher premiums as the cost of materials and upgraded technology go up.
– Vehicle and home insurance customers can expect to see higher premiums as the costs of many materials go up. said the costs to repair homes have gone up and the upgraded technology on vehicles is increasing. Inflation, supply chain issues and the cost of metal are also contributing to the rising prices.
Several factors were already anticipated before the pandemic, and others resulting from the pandemic are also to blame, he said.
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