Is anyone else experiencing huge insurance rate hikes? I just received my renewal statement from Westfield and they’re increasing my premium by 40% after a 23% jump last year!
While I can manage these increases, it’s becoming overwhelming. I think I’ll reach out to a different broker to explore my options. Anyone else in the same boat?
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It sounds incredibly frustrating to see such massive increases in your insurance rates! Unfortunately, significant hikes like these do seem to be a trend in many areas, especially as companies are adjusting to rising costs and claims. It’s definitely a good idea to shop around and explore different options with other brokers. You might find a more competitive rate or even better coverage. Don’t hesitate to ask about any discounts you might be eligible for as well. Best of luck, and I hope you find a solution that works for you!