Not necessarily. A confounding factor is that construction and materials have gotten much more expensive. You aren't insured for what your house cost to build

Not necessarily. A confounding factor is that construction and materials have gotten much more expensive. You aren't insured for what your house cost to build 20 years ago, you are insured for what it would cost to rebuild it after a disaster.| The price of construction lumber quadrupled during COVID (it has since receded some), so all of a sudden the cost to frame a house went up by a significant margin, which means that the cost to insure against the future possibility of framing a house goes up too.