Will Homeowners Insurance Increase With Claim?
14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482That of course will depend upon the terms and conditions of your policy so it is best to talk to your Insurance Professional about this. Typically upon the renewal after a claim, it is possible that your company will assess a surcharge that may vary depending upon the nature of the claim.Answered on May 21, 2014flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaMost policyholders do not have a claim. A policyholder that experiences a claim is no longer “standard.” The company may determine that it is necessary to increase the premium to reflect the greater risk that this particular insured presents. Additionally, companies have provisions allowing discounts for periods of being “claims free.” Sometimes the loss of this discount can represent a significant increase in premiums.Answered on October 9, 2014flag this answer
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