An analyzed report found that the premiums of personal insurance's rate rose to 5.8 %. Every province felt the increase in home insurance since last year. The quick increase has been felt mostly on Alberta (12.1%) and British Columbia (11.2%). The report also found out that the increase in home insurance costs started since 2015.
Home insurance is a necessary move for an unknown future. But as the years passed, its costs continue to increase. Here are the 3 reasons why home insurance costs continue to rise: