If our homeowner's policy renews this month and the premium is increasing over 85% from last year, isn't there a law for how much premiums can increase?
Question Details: Also, I believe I read somewhere that insurance companies have to file paperwork with the state describing their intent to increase rates.
Under the laws of all states in this country an insurance carrier can raise its insurance rates for homeowner's insurance in any amount from the year before. What you have written about pertains to health insurance requirements mandated by all states in this country.
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