One of the most common questions we hear about home insurance is so simple and super understandable. Why are my rates going up? I know it can feel frustrating and confusing. The truth is there are a large number of reasons why you might see higher home insurance premiums and not all of them are things you can control. If there’s an increase in the cost of replacement materials like lumber or stone or in the cost of labor that will probably translate into higher premiums. Likewise, if the value of your neighborhood is on the rise and therefore the value of your home is increasing, it will cost more to insure. Can’t forget to mention that if there’s a large number of people in your area making insurance claims that could translate into higher rates as well, your insurance agent might be able to help you find ways to offset these cost increases. So don’t be shy about contacting them to find out more.

We’d be happy to review your insurance coverage options with you! Give us a call at 440-729-4042 or visit https://luczkowskiagency.com.