We find many large carrier examples of homeowners and flood insurance polices that are rated wrong causing excessive premiums. This includes homeowners insurance annual auto-rate increases that steadily drive coverage limits for beyond replacement cost (the cost of replacing your home to it's original condition). Which causes insureds to pay for coverage they'd never benefit from. To often insureds have become overly trusting, especially those that pay home & flood insurance with their mortgage escrow funds. The bank requires you to obtain homeowners insurance for the loan amount, which most often is greater then the homes replacement cost. Year after year the insurance policies are paid by mortgage companies (from insured escrow accounts) that only care that the home insurance coverage is greater then the balance of the loan.. The mortgage companies don't tell home owners, when the balance of the loan drops below the homes replacement cost Once again the home owner ends up paying for additional coverage they'll never benefit from. Your local agent is responsible to your community and is motivated to annually review your coverage and prevent these and other wasteful insurance practices..