~Many insurance policies have an inflation guard built into the policy, which means that every year the dwelling amount will increase to keep up with cost of construction.
~Had a claim recently? This could be cause for an increase.
~Some companies also have an increase within their company which could result from several factors such as a large number of claims from their policy holders for the year.
If you notice a large increase as always contact your agent! As an independent agent we can look at other options for your coverage needs, so please call us with questions or concerns. It's what we are here for!