Is Your Homeowner Insurance Keeping Up with the Rising Construction Costs?

Homeowners Insurance and the Rising Cost of Building Materials

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Recent findings from the National Association of Home Builders (NAHB) confirmed that household construction costs have

surged over the past year. This rise in construction costs is directly tied to soaring building material expenses—namely, the price of lumber. According to the NAHB, current lumber costs are up 340% from 2020. What’s more, lumber prices have already risen by an additional 67% since the beginning of 2021.

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Will Your Business Insurance Policy Cover Losses Due to Covid-19?

business insurance March 18, 2020

 

Coronavirus and Insurance Policies: What Is Covered?

    Declared a global health emergency by the World Health Organization, the evolving Coronavirus is spreading geographically, and its impact on businesses is also spreading.

How will this outbreak affect your business? Better yet, how will your insurance policy respond to losses incurred as a direct result of this virus?

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