Why does my home insurance premium go up every year?

You may notice that your home insurance increases a little bit at each policy renewal.  Most insurance companies build an inflation guard into their policy.  This is in place to assist your policy in keeping up with increasing labor and material costs.  It is good to review your Dwelling amount with your agent to ensure that your home is insured at its replacement value.  If you upgrade or renovate your home, advise your insurance agent. 

Also, advise your agent on any safety or special equipment such as central alarm, water detection, humidity detection etc.  Many companies offer a discount for protective and preventative measures taken.