Does Home Insurance Increase Each Year?

  1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    Most homeowners policies are based on the replacement cost of the home.  As a result, due to inflation, the replacement cost of a home may go up.  When that happens the policy will adjust accordingly.  Also, companies raise their rates based on claims experience.  So home insurance can increase every yrar, but depending on the company and the claims experience they may not.
    Answered on May 10, 2013
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