The State Of Property And Casualty Insurance

Dated: 10/07/2013

Views: 39902

By Guest Blogger and Nashville Home and Auto Insurance Broker, Will Montgomery

 In the past 5 or so years the property and casualty insurance market has changed considerably. Tennessee especially has experienced many natural disasters including May 2010 flood, tornados, massive hail storms, earth quake tremors, and a multitude of sink hole problems. Seems it’s not getting any better for the Volunteer state anytime soon... All these unusual weather patterns resulted in an enormous amount of claim activity for this state. Loss ratios are at an all time high causing insurance (property and casualty ) companies to be forced to make the necessary changes and increase auto and home insurance rates to keep the doors open and remain profitable. Some carriers have gone to actual cash value for roof replacement and others have decided to increase the minimum deductible option from 500 to 1,000 + depending on prior claims activity. If Tennessee weather continues to be a problem I see more drastic changes coming down the pike...
If any additional information is needed please don’t hesitate to call Montgomery & Associates insurance.
Blog author image

TJ Anderson

TJ Anderson is a Nashville Realtor with Benchmark Realty who's helped countless clients both buy a home and sell a home in Nashville, Tennessee. He blogs about Nashville regularly, from Nashville-area....

Latest Blog Posts

Get Inspired By A Historic Nashville Bungalow Owned By A Young Nashville Star

by TJ AndersonLennon Stella's home, photo via People.comI was already impressed by Lennon Stella, who, by starring in TV drama Nashville, managed to build a double-threat career as an actress and

Read More

Nashville History Lesson On Pioneer John Donelson

By TJ AndersonWay back in the winter of 1779, while he was fighting the cold waters of the Cumberland alongside a hundred or so other early Middle Tennessee settlers, one figures John Donelson never

Read More

Stunning Luxury Home For Sale In Franklin Subdivision Hurstbourne Park

by TJ AndersonIf you’re looking to buy a home in Williamson County that gives you space for your family, room to entertain, lots of luxury and easy access to all that makes the area appealing: Let

Read More

Nashville Property For Sale That Lets You Build Your Dream Home In Your Dream Neighborhood

by TJ AndersonAlong with helping people buy and sell homes in Nashville, I’ve been busy over the past handful of years pursuing a related passion, and working with a team on building new homes

Read More