2022 Insurance Outlook

Dec 9, 2021

As another unexpected, unpredictable year draws to a close, it’s a great time to do a little insurance housekeeping. For homeowners and businesspeople, a quick lessons-learned, a look forward to 2022 and a short to-do list will help you prepare for whatever the new year has in store:

2021 In The Rearview

Implications for the New Year

So how do we best adapt to these changes and an ever-evolving insurance landscape?  Start with a:

Short To-Do List:

  1. For business owners, review all aspects of your operations’ coverage, from general liability to vehicle to umbrella insurance. Pay special attention to documenting your Workers’ Compensation activity throughout the year as increased competition for your business puts the well-prepared in an enviable spot when 3rd quarter policy renewal negotiations start.
  2. Individuals and their families should reevaluate coverage limits, taking into consideration any home improvements, new valuable personal property or vehicle purchases you may have made during the pandemic. Keep in mind that FEMA has recently redrawn the National Flood Insurance maps so be sure to ask about adequate coverage if your primary residence or vacation home is in a high-risk area.
  3. Let Oakbridge help navigate what seems like constant change in your insurance coverage. We live and work in the communities we serve. Oakbridge understands first-hand the challenges you may face. Decades of experience mean we know the markets and work hard to provide the highest value for our customers.

Bottom Line:

Policyholders have the upper hand when choosing the right plan for their personal or business needs. Increased competition from carriers puts the ball squarely in the court of the insured. Oakbridge is built on personalized service and lasting relationships. Our staff of dedicated professionals will help optimize your premium for the highest value coverage possible.

For nearly a century, we’ve put relationships first – deeply rooted across the Southeast.

Deeply Rooted To Serve

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