Why Homeowners Insurance Goes Up? 
It 's a common question we get in our office . There 's several reasons for your homeowners insurance rates going up . Many insurance policies have an inflation guard built in to the policy . Every year the dwelling amount will increase by a certain percentage . The idea of the inflation guard endorsement is to keep up with the cost of construction . The challenge is that this endorsement can have a compounding affect over the years . Another reason your rates would go up is if the insurance company had a rate increase . This happens frequently in NY . If you see your rates going up by more than 5-10 % per year I would contact your local independent agent and ask the reason for the increase and suggest they search the market for a better premium . Hope this answer helps . 