Good afternoon, Don Garlow here, of Garlow Insurance. Welcome to Frequently Asked Questions on our video program. Today’s frequently asked question, made me laugh because the question was, can insurance companies raise rates? Of course they can. They do it all the time. The question might be, why do they do it? The only reason they do it is cars become more expensive. Automobile claims are more and more expensive. So, in order for the insurance companies to remain viable, they’ve got to raise the rates and they do it, all the time.
Rates are going up, up, up, all the time. But, they pay claims. That’s what we want them to do. There’s the answer for today. Insurance companies can and will, raise rates. Thanks for watching the video. See you next time.

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Call Garlow Insurance Agency in Chesapeake VA at (757) 548-1515

Afternoon, Don Garlow here, Garlow Insurance. Welcome to our first frequently asked question video. Our first frequently asked question is, is hazard insurance and homeowners insurance the same thing? Well, answer that would be, most likely when you buy hazard insurance, you’re being asked that question probably from a mortgage company because you’re buying a home. And that’s the term that they use.
Homeowner’s policy gives you your building, your personal property, liability insurance, and various things especially items like your guns, new jewelry, that’s all included. However, it does not include your flood. So, short and simple. There’s the answer today. Hazard insurance is homeowners insurance. That’s it. See you next time. Thank you.

Call Garlow Insurance Agency in Chesapeake VA at (757) 548-1515

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