PROTECTING YOUR CASTLE - the Rapidly Changing World of Homeowners Insurance

3500 North Windsong Drive,Prescott Valley AZ 86314

09 May, 2023

Description

Homeowners insurance ratings are becoming increasingly important in the wake of recent natural disasters such as wildfires, extreme storms, and mold events. These catastrophic events have caused billions of dollars in damages and have left many homeowners struggling to rebuild their homes and their lives. In the aftermath of these events, insurance companies are re-evaluating their risk assessments and underwriting practices. Wildfires in particular have been a major concern for insurers, as the frequency and severity of these events have increased in recent years. Insurers are now taking into account factors such as the proximity of a home to wildfire-prone areas, the home's construction materials and landscaping, and the availability of fire protection services when determining insurance rates. Extreme storms have also caused significant water damage to homes, including mold, leading to costly insurance claims. Insurers will assess a home's vulnerability to flooding and the quality of its water mitigation systems when determining rates. Join us as JR Weinrich, an experienced agent with Farmers Insurance in Prescott Valley, speaks to us about the changes in the industry and what questions we should be asking our insurance providers to make sure we are adequately covered. He will also talk about "what's and the whys" - what has changed and why that has increased - in many cases - the price we pay for homeowners protection. We look forward to seeing you there! Wise Women Prosper - empowering women with financial concepts to create a balanced life. wwprosper.com