Inflation Trends

Inflation has been a concerning topic in recent months as prices continue to rise, including the cost of building materials. We monitor inflation trends regularly and work to adjust them moderately, taking into consideration the long-term effect of Coverage A.

A top priority for your agent and us is to make sure you have adequate coverage if you should incur an unfortunate loss, no matter how big or small. Please use these resources to help understand how inflation impacts your homeowner policy.

American Property Casualty Insurance Association’s Replacement Cost due to inflation graph. Asphalt roofing up 11.8%, windows and door up 17.1%, trusses up 15.7%, interior trim up 17.1%, gypsum and drywall up 22.5%, plastic plumbing up 20% and framing up 28.4%.

 

Articles mentioning inflation