Dear Missoula,
After a few turbulent years in the property insurance market, we’re finally seeing some welcomed signs of stabilization, especially for homeowners and landlords here in Missoula and across Montana.
For the past several years, rising costs (largely due to inflation, increased claims from severe weather events, and supply chain challenges in construction) have driven premiums upward and limited the availability of some coverage options. At my place, Sharkey Insurance, we’ve navigated these changes side by side with our clients, helping many through an unpredictable landscape.
Now, the tide is beginning to turn.
We're seeing insurers return to more consistent underwriting practices and, in some cases, even modest premium adjustments in favor of the policyholder. New technologies in risk assessment and more competition re-entering the market have helped level the playing field. For landlords, this means fewer surprises at renewal time and better access to policies that suit different property types and tenant profiles.
For homeowners, this is a chance to revisit your coverage and make sure your policy reflects today’s values and rebuild costs, without breaking the bank. Many people still have policies based on outdated home valuations, which could leave them underinsured in a worst-case scenario.
At Sharkey Insurance, we’ve been proud to serve Missoula for over 50 years. Our commitment remains the same: personalized service, honest advice, and making sure your home or investment property is properly protected. If you haven’t reviewed your coverage in a while, now is the perfect time.
Let’s move forward with confidence knowing that a more stable insurance market is finally within reach. Feel free to stop by our office or give us a call. We’re always happy to help.
From, Ryan Sharkey, VP of Sharkey Insurance