Next up we have a question from Jake. He says, have you guys talked about the rising costs of insurance?

My auto and homeowners

rental renewals are a 50% increase. I shop it every year and it's up across the

board. So have you guys heard about this and just how should you think about this strategically with your finances?

Yeah, you know, this is one of those things.

Insurance does get more expensive, right?

Like it's just kind of as we have natural inflation that takes place,

the cost of the things that we buy increases.

So, it's not uncommon when we go to get our auto renewals or

when we get to our homeowner renewals even if all else stays the same you

haven't had claims or anything like that is possible that the rates can go up. Well, unfortunately,

one of the things that you cannot control is you cannot control how insurance rates rise. What you can control though is what kind of

consumer you are and what kind of policies you buy and this is what we tell

folks that every one of your open enrollments or whenever your renewal comes up, it always

makes sense to shop your insurance.

And one of the things you have to look at is, okay, am I working with a captive insurance

agent that they only sell insurance for one company?

These are the ones that you've probably seen a lot of their commercials or you hear their radio ads.

Or do I have an independent insurance agent that can shop my insurance across a number of different insurance providers because different insurance providers can provide different types of coverages at different costs?

So that's kind of the first thing that I would check out. Am I buying or when I buy my insurance,

what type of agent am I looking for when I actually getting someone who can shop a bunch of different

companies, a bunch of different rates, and get me the most competitive rate.

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