Home Insurance Rates Increased in September

According to MarketScout, rates for home and life insurance rose 5% last September as compared to other forms of insurances in the previous months of this year. Business insurance, on the other hand, was on top of the list with 6%, according to the electronic insurance exchange program, MarketScout. The lowest was surety which rose 1%.

In terms of industry categories, contractors were reported to have the highest rate increase amounting to 6%. This is closely followed by service crews and transportation accounts as well as habitational at 5% each. The lowest recorded rate increase belonged to the public class.

You can read more about this insurance increase in rates by reading this page.

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