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Insurance???
Idahobound
Member Posts: 20,584 ✭✭✭
Will filing one claim cause homeowners insurance to go up?
Comments
My personal experience has been- it all depends. If the claim was for an act of nature, such as hail damage or lightening strike, then no (at least not yet). But if the claim is for a leaky washing machine hose, then it might.
From experience, they won't cover a "leak". that caused damage. It has to be a line blow with "sudden" loss of water. Thank goodness my insurance writer called it "sudden."
In March we had a windstorm that damaged many homes. My roof was damaged by a huge tree limb; the Encompass claims adjuster said that, since the windstorm was an "unusual occurrence", the company would not penalize any of its customers.
After the storm I had paid to have the remains of the damaged tree taken down, as it was ready to fall on my house, too. I thought that insurance wouldn't cover that. But, the adjuster fully reimbursed me, as that saved them from spending more on house repairs.
Sometimes, companies exceed your expectations.
Neal
If you have damage, claim it and fight any future increases in premium through your broker. He needs to keep you happy to keep getting his commission money.