Severe Ohio Storms Cause Higher Deductibles  Listen to the Story
Some insurance customers may be surprised to find their
deductibles going up even if they never filed a claim for hail
and wind damage. The rate hikes are not new but as Ohio
experiences more hail storms more insurance rates could go
higher.  Homeowners insurance policyholders need to read closely
what their new policies require. There could be a higher
deductible for certain weather related events like wind and hail
damage. Ohio has seen a number of such storms over the past 5
years and because insurance companies look at past events to
predict costs, prices could be going up. Nationwide Insurance is
one company that has raised deductibles for hail and wind damage
to $1,000. Spokeswoman Liz Christopher.  “These are effective at
the time of renewal so when your policy renews. Customers will
get a letter with their declarations page letting them know
about this change,” said Christopher.  Christopher says letters
were sent out starting in May to