How Social Inflation Hurts Home Insurance Rates

Updated: Jul 27

You've often seen social inflation in action in the news but may not know just what it is and how it affects home insurance rates. Here's what you should know.

What is Social Inflation?

Metal scale with money on high end to the left and justice gavel on lower end to the right signifying social inflation

Simply put, social inflation is the rising cost of insurance claims based on a variety of factors, including:

  • An increase in the number of litigants willing to file l