Why did my homeowners insurance go up in 2021?
Why did my homeowners insurance go up in 2021?
Labor and construction material costs have gone up. These reconstruction costs ebb and flow, and they rely heavily on economic factors and market prices of both materials and labor. As these costs rise, insurance carriers adjust your coverage amount to reflect these local factors.
Why is home insurance so expensive?
In addition to industry-wide price increases, your home insurance quotes may also be high because of your credit, a home’s age and value, construction type, location, and exposure to catastrophes, among other factors. Dec 7, 2020
Which of the following is something that will not affect your homeowners insurance premium?
Which of the following is something that will not affect your homeowners insurance premium? Answer: A (The distance of the home from a school.)
