Does Homeowners Insurance Increase Annually?

Have you ever wondered why your home insurance premium goes up every year? Experts from know that it can be quite costly to pay for something that goes up annually. After all, if your home insurance cost increases every year, then so does your mortgage payments.
So why does it go up regularly, anyway? Is it an elaborate scheme that allows insurance companies to grab more money? Or are there relevant factors that do affect a home insurance premium’s annual increase?
Reasons Why Homeowners …