When it comes to homeowners insurance renewals, I get a lot of questions about why the dwelling coverage increases. For example, last year the coverage was $245,000 and this year the renewal states it's going to be $252,000. Quite simply, the reason for this is, the cost to replace your home increased since last year. Another coverage that is factored into that number is Debris Removal, which can really add up. See below. I could not find any recent numbers,but I found some data from material increases from 2010 to 2011. If you have any questions, please feel free to contact us.
> Copper Pipe + 26.5% > Lumber +11.7%
> Steel Rebar + 15.8% > Plywood +11.0%
> Drywall + 5.5% > Labor Costs Unknown