PYA Insurance Group

South Florida homeowners are about to get hit with insurance rate increases unlike any other we’ve ever experienced.

• We’re talking as much as 30% to 40% over what you are paying now and price hikes of $1,000 or more for your next year of coverage

• The combination of record-setting natural disasters, an uptick in distracted-driving accidents and the increasing prevalence of tech-loaded vehicles that are expensive to repair mean insurers are likely to raise rates in 2020.

The cost of homeowners insurance has increased by 59% in the past decade, but COVID-19 may mitigate future increases.

Mounting losses compelled the global financial companies that sell reinsurance — which is insurance that insurance companies buy to guarantee they can cover losses after catastrophes — to raise their rates 20% to 30% before this year’s hurricane season.

• Your insurance company, of course, plans to pass that increase to you.

Some analysts see reinsurance rates climbing again in 2021, based on the record of 10 named storms making landfall in the United States this year.

This is why it's important to shop for the best insurance rate out there. That's what PYA is here to do for you. Give us a call.

Derecho with 100 mph winds moves across the Midwest

⁃ Just because we escaped Isaias wrath

⁃ We can’t Relax - Storms are forming everyday

⁃ We must stay Prepared, Protected and Covered

⁃ A line of severe storms slammed through the Midwest

⁃ downing trees and power lines, which sparked fires in the city

⁃ The storms produced winds of more than 100 mph

⁃ More than a million customers across the Midwest are without power Tuesday morning

Tropical Storm Watches Issued in Florida.....

For This Weekend.....

Isaias Forecast to Become a Hurricane Near the East Coast

• Isaias has prompted new tropical storm watches in
Florida.

• First impacts could be felt in parts of Florida as
soon as Saturday.

• Isaias may become a hurricane near the northwest
Bahamas or Florida this weekend.

• The forecast for this system beyond the Caribbean
is still highly uncertain because of multiple factors.