Will My Homeowners Insurance Increase After A Claim?
1615 POINTSview profileRyan AndrewPresident, The Andrew Agency, Richmond, VASeveral factors are considered when calculating a rate for homeowners insurance. Claim history is a factor along with credit, length of time you've been insured with the same company, type of home, type of claim, claim severity ect...Just because you file a claim does not guarantee a rate increase however there's a pretty good chance this will happen if you've only been with your insurance company for a short period of time.Answered on October 2, 2013flag this answer
14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482It is entirely possible that your Homeowners Insurance may increase upon renewal as a result of claim activity. However, that having been said, it also depends upon the company and cirsumstances of the claim, the type of claim and amount paid for the loss and your long term history with the company. Always check with your insurance porofessional to understand your particular coverage, terms and conditions of the policy.Answered on October 2, 2013flag this answer
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