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How come insurance rates go up after claims?

By October 31, 2017February 11th, 2022General Topics
Question 86 in 100 Insurance Questions in 100 Days Video Series!

Isn’t that what insurance is for? Yes it is, and more. However, your rates are based on your past, if something in the future changes, so will the insurance rate. That is the nature of the insurance business. Find out more in this brief video.