How Tariffs Could Impact the Property & Casualty Insurance Industry

At Filkins, Colbert & Associates, Inc., we keep a close eye on anything that could affect our clients — whether it’s a change in building codes or global trade policy. One issue that’s been making headlines again is tariffs, and while they may seem far removed from your insurance policy, they could quietly influence your property and casualty (P&C) insurance premiums.

Let’s break it down.

What Are Tariffs, and Why Should You Care?

Tariffs are taxes on imported goods, and they often lead to higher prices on materials like steel, lumber, electronics, and automotive parts. For contractors, builders, auto repair shops, and homeowners — all of whom we proudly serve at Filkins, Colbert & Associates — this matters.

When materials cost more, replacement costs go up. And when replacement costs rise, guess what follows? Insurance premiums.

How Tariffs Affect Property Insurance

Let’s say a storm damages your roof. Your homeowners insurance policy covers the repair, but now shingles and lumber cost 20% more due to tariffs. That increased cost flows into claims data and gets factored into future home insurance rates.

For commercial properties — particularly those insured for replacement cost value — this is even more pronounced. If you’re a business owner in Marietta, GA or surrounding areas, this is something to watch closely.

Tariffs and Auto Insurance

Tariffs on imported auto parts can make repairs more expensive, especially for foreign-made vehicles. This affects:

• Collision coverage claims

• Comprehensive coverage costs

• And ultimately, your auto insurance premium

At Filkins, Colbert & Associates, we help you stay ahead of these shifts by shopping multiple carriers to find the best deal — even when markets fluctuate.

Contractors and General Liability Insurance

Contractors may see an indirect impact on their general liability insurance. If your cost to fix damage or redo work increases, your potential liability exposure grows. That could affect how insurance companies underwrite your business and price your policy.

We’re already helping contractors in Cobb County and across Georgia navigate these changing dynamics with smart risk management and policy reviews.

What You Can Do

1. Review your coverage – Make sure your limits reflect today’s replacement costs.

2. Shop around – As an independent agency, we can compare policies across top carriers.

3. Stay informed – Tariffs may come and go, but preparation is always smart business.

Let’s Talk Insurance (No Tariffs Here)

At Filkins, Colbert & Associates, Inc., we don’t set trade policy — but we do help you deal with the fallout. Whether you need home, auto, umbrella, or contractor insurance, our team in Marietta, GA is here to keep you protected without the red tape.