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Premiums and Rate Hikes terms
Premiums and Rate Hikes in Homeowners Insurance: the news, the names and what changed.
Price optimizationPricing a policy by how much a customer will tolerate or how likely they are to shop, not by expected loss, a practice a number of states have restricted.Rate increaseA rise in the price an insurer charges per unit of coverage, which is only one of several reasons the premium on your renewal notice can go up.