Your “quote” or the amount of your refundable deposit is based on the cost to rebuild your home today. But as we all know, costs to rebuild—material and labor costs—go up as the years go by. That’s why we review your policy each year and make a recommendation to keep you up to date. These increases are added to your fully refundable deposit. Other changes in coverage can occur if you add a deck or remodel your basement. But remember, when you do need to add coverages, you’ll be doing it at your locked-in rate (the original cost per thousand).