Paul Dreher Director of Personal Insurance View Bio

Have you noticed changes to your auto and home insurance policies? From automatic implementation of some new coverages and policies, to higher premiums, many changes have occurred to personal insurance due to the hard market conditions. We want to ensure that you are informed. 

 

Our Director of Personal Insurance, Paul Dreher, recently discussed some of these major changes on The Mary Cariola Center Radio Show. 

 

As inflation is affecting all aspects of our lives, this is also the case for personal insurance.


For homeowners policies, the costs of replacing homes has increased as inflation for building supplies and labor have soared, in turn, increasing the cost of premiums.


For auto insurance, the increased cost of repairs to vehicles, shortage of labor, and scarcity of auto parts, have increased premiums up to 8% just within the past year, and lower rental reimbursement limits are being offered.


In addition to increased costs, new policy changes have been implemented, most notably the automatic addition of Supplemental Spousal Liability to all drivers in New York State, as of August 1st, 2023.


While this policy has been available for many years, it is now an automatic addition to policies upon renewal and affects all drivers, regardless of marital status.


Supplemental Spousal Liability provides bodily injury liability coverage and the ability to collect compensation in the event that your spouse is responsible for an accident and you, as a passenger, are injured as a result.


This coverage applies to all drivers in New York State, regardless of if you have a spouse or not. So, it’s critical to reach out to your insurance company if you do not wish to have this coverage and provide, in writing, your request for it to be removed.


At Lawley, we make sure we’re there for our clients every step of the way. We’ll guide you through the process, clearing any hurdles to make your path easier.

To discuss your options, call at 800.860.5741.

 Lawley is proud to be a corporate sponsor of the Mary Cariola Center and the support it provides for the Rochester, NY community.