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We always pay attention to trends and changes in the insurance industry, including general trends that affect homeowners in the Eastern Sierra, throughout California, and beyond.
Verisk is working on filing a significant update to their ISO Homeowners program and shared a blog post about five emerging trends they’re addressing with the update. Read the full post.
The risks/trends are:
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Millennials becoming the largest generational demographic in the U.S.
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The popularity of e-bikes and e-scooters
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More states legalizing medical and/or recreational marijuana
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Increased sales of consumer drones
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Cryptocurrency
As things change, some people find they’re not covered by their insurance for certain activities, assets, etc. If you find yourself with possible coverage gaps, please reach out to us.
We have a variety of programs, including a program for bicycle and e-bike coverage, and we’re always happy to review your coverage to make sure it’s adequate.