Climate change effects are here. We’re seeing stronger and more frequent natural disasters destroying physical properties, including commercial buildings, homes, and cars, at incredible rates. Additionally, natural disasters are impacting our environment as they destroy natural formations, burn down forests, and affect food supply.
Climate change is also causing insurance premiums to go up. Is it inevitable that climate change will eventually make insurance unaffordable for the general population?How do we combat climate change’s impacts on our insurance rates?
Your home insurance policy is designed to cover your home as it stands. That includes its replacement value, as well as any additional features, like swimming pools, signage, landscaping, garages, etc.
When you actively make changes to your home, such as finishing a basement, remodelling your kitchen, or adding a wood deck to your backyard, you are altering your home from how it was when you first purchased your policy. This means that the overall value of your home has changed as well.
October’s Defender Spotlight shines on Account Executive, Lane Ferguson!
Lane has worked in the financial services industry for his entire career. Since joining our team in January 2019, we’ve had clients describe him as courteous, respectful, timely, informative, and incredibly knowledgeable – among other glowing reviews.
Clients enjoy working with Lane because as a young family man himself, he can appreciate the needs and challenges of having a busy family. He brings patience and professionalism to every interaction while always trying to accommodate people’s schedules and preferred methods of contact.
His calm and reassuring personality helps clients maneuver through the complexity of buying their 1st or 15th insurance policy.
If you need a second opinion on your insurance while juggling a fussy baby, running your kids to the dentist, or taking your car to the shop – give Lane a call at 519-646-5603!