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Q: Why did my policy premium increase?
Q: Why did my policy premium increase?
Written by Hippo
Updated over a week ago

Premiums can increase for a variety of reasons, but it generally comes down to the risk to which a home is exposed and the cost to repair or rebuild the home. Some factors behind premium increases might be more obvious, like making a claim. But, even if you don’t make a claim, factors such as natural disasters (including wildfires, tornadoes and floods) and rising repair costs have contributed to increasing premiums.

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