Insurance Premiums Expected to Increase in 2018 Due to Storms

Thursday, November 9, 2017

Insurance Premiums Expected to Increase in 2018 Due to Storms

Founded in 1981, Doonan Tax Services relaunched upon its expansion in 2016. The expansion saw the tax preparation company grow to a new Bronx, New York, location and introduce two new partners, Timothy Mitchell and Kenneth Doonan. In addition to tax services, Doonan offers life, home, and auto insurance policies.

In September of 2017, USA Today announced that homeowners insurance premiums and auto insurance premiums might increase in 2018 due to hurricanes Harvey and Irma. Even people who didn’t live in areas affected by the hurricanes may see their rates increase.

However, those who live in Texas and Florida could see the highest increases, though residents of states adjacent to those two may face automobile insurance rate hikes. This increase is due to insurers calculating car insurance rates regionally.

A similar increase occurred after Hurricane Sandy in 2012. In New York, a motorist paid around $1,110 for car insurance in 2012 while the rate increased to $1,180 in 2013.

About Doonan Tax Services

Focused on developing long-term relationships with all clients, Doonan Tax Services works to understand the needs and situation of each taxpayer it serves. Helping a broad range of professions, including law and medicine, the company also focuses on the tax responsibilities and financial needs of blue-collar employees and civil servants, such as sanitation workers, firefighters, and police officers. Doonan Tax Services carefully assesses the income and expenses of individuals to ensure that they receive all deductions and allowances to which their situations entitle them.

The company takes the time to educate each client on relevant tax law and to maximize the refund that each client receives. This collaborative mindset leads to enduring relationships with customers.

Staffed by enrolled agents who hold certification from the Internal Revenue Service (IRS), Doonan Tax also provides representation to any client who receives a letter or audit from the IRS. Further, the company provides tax advice as well as general financial consultations throughout the year, and life, auto, and home insurance policies are available on request.