Quote:
Originally Posted by Tom52
When i purchased a new golf cart last year the cost for insurance thru Foremost was $153. I got a renewal notice in the mail today and the price for same coverage jumped to $208. That is a 35.9% increase. No claims from my end. Anyone else with Foremost seeing this kind of increase? Can anyone suggest a cheaper alternative?
|
All insurance companies will be raising premiums, as a result of having to pay claims as a result the recent destruction from looting and property damage, as well as business interruption claims due to COVID-19. In Florida we’re looking at an active hurricane season, in which insurance companies, need to insure sufficient reserves (money) to pay out claims.