Answer
Jan 02, 2024 - 07:20 AM
There are many factors that come into play with the annual renewal pricing that is set by the underwriter. Any changes in flood zones by FEMA, any uncharacteristic flooding that has happened in the area in the previous year, changing of guidelines or even carriers changing can cause these increases. Although we are unsure the exact reason since we do not set the pricing these are just a few reasons that the increase may have occurred.
