Maverick Insurance Group helps you stay prepared with premiums on the rise

By Scott Andrew Mills, Principal Agent, Maverick Insurance Group

The rise in your insurance premiums isn’t always related to the number of claims you’ve made. Premiums are rising because of the severity and frequency of all claims, not just yours.

We use the analogy of a pool of water to explain. As policy holders, we are all part of a large pool. When the pool loses water, it must be replaced. If water slowly evaporates, there’s a small cost to replace it. If a cannonball hits the pool, a large amount of water must be replaced. Everyone pays more to refill the pool whether it was your cannonball or not.

Today, with the damage those cannonballs do, it’s costing more to refill the pool. For example, car windshields used to cost $500 to replace. Today, it’s $1,500 to $1,800. They aren’t just a piece of glass anymore, they’re computers. The same is true for home damage. Insurance coverage protects you from absorbing the full cost of refilling the pool.

So how does Maverick Insurance help? The answer that is when fate comes your way, we keep you prepared. Being uninsured or under-insured costs a lot of money if something catastrophic were to strike.

With all our carriers, we have a system in place that allows us to find the best coverage for your specific needs at the best price available. And we keep track of your premiums, so if they take a big jump, we let you know what to expect, then re-evaluate your needs and see if we can save you money.

You can’t control when the cannonball might hit, but with Maverick Insurance, you’ll be prepared.

Maverick Insurance is located at 5883 Wilson Mills Road in Highland Heights. For more information call 440-895-5200, email Scott at scott@maverickinsurance1.com or check the website MaverickInsurance1.com.