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re: Home Insurance - Increased premiums
Posted on 2/16/15 at 6:34 am to Boh
Posted on 2/16/15 at 6:34 am to Boh
quote:
Is this common for the insurance to increase by that much (approx 10%) even though I've never had a claim?
Your house is probably insured for replacement value not market value and that increases every year with the cost of construction. You can ask your insurance company for a baseline assessment based on your square footage and the type of materials used in the construction of your house. It will still increase every year from that point.
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