Does Renters Insurance Go Up After A Claim?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    Because most renter’s policies do not have a claim, the occurrence of a claim means that the risk isn’t “ordinary.” Depending upon the damage and the cause, the policy could be surcharged. The surcharge is not designed to recover the amount the company paid but is designed to evaluate the apparently greater risk your property presents from a “normal” risk.
    Answered on September 22, 2014
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