Skip to content

Marengo Insurance Agency Blog

All You Ever Wanted to Know About Insurance

Inflation and the cost of insurance

Prices are going up in every sector of the economy and the insurance industry is no exception.  Unfortunately, it's impossible to predict when we will experience some relief.  While we can't control it, it may help to understand it.  Inflation, fuel prices, cost of building materials, supply chain disruptions, and labor shortages all contribute to an increase cost of repairs and the time it takes to complete them.  Amy Justman shares some expertise about what this means particularly for your Homeowners Insurance and why guaranteed replacement cost coverage is so valuable in these unprecented times.

Contact one of our team members at Marengo Insurance Agency to see if your home is eligible for guaranteed replacment cost coverage!