Our Blog

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Construction
07

May

Tariffs and Their Affect on Replacement Costs

If folks are wondering how tariffs are going to affect replacement cost values in the USA, we are, too. Every day we follow what is or isn’t on the “liberation” day list. We watch webinars, listen to experts, read and do more reading. The overall thought, as of early April 2025, is that insurers could see an across the board 10% bump above our current 7% expected rate of structure value increases for 2025.

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Construction
28

Oct

Tips for Hiring Contractors

Hiring contractors can be a stressful process, especially after a loss to someone’s home or business. Contractors come in all shapes and sizes, from the one man chimney cleaning operation to the national firms who remodel/rebuild a home or business. Helping insureds understand and avoid the pitfalls when hiring contractors is a sign of a true insurance professional.

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Farmers of Salem is a regional insurance company offering products for individuals and businesses in New Jersey, Pennsylvania, Maryland and Delaware.