Natural disasters, such as wildfires, floods, tornadoes and hurricanes affect insurance rates. In 2017, over 300 billion dollars in natural disasters, making it the most expensive year for disasters in US history. Last year hurricane Michael struck the panhandle of Florida costing insurance companies billions. Remember Katrina? Following Katrina, many insurance companies quit issuing property insurance, at least for a while. Yes, “Virginia” the cost of property insurance has gone up. Some experts predict we haven’t seen anything yet.
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Most people are as happy as they make up their mind to be. Abraham Lincoln
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