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central NE | The main reason is the cost of re-insurance has more than doubled per year for the last 2 years. There have been many companies that have stopped selling it also. This has affected all insurance. Crop/Hail is going to go up substantially also next year. The cost of repairs has gone up so much that rates have to increase just to try to keep pace. I am a farmer and also a director of a farm mutual insurance company in NE. Its astounding how much things cost to repair and replace. | |
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Home Insurance 67.5% Increase
