Although there is no limit on the number of claims that a homeowner can file, you’ll want to be judicious in choosing when and when not to contact your homeowner’s insurance company for a claim. Pro Insurance Group in Follansbee, WV has some suggestions for you to make a decision.
Home Insurance Claims – How to Decide?
If you have a history of filing claims, the insurance company may increase your rates because you are deemed a risky customer. When deciding whether or not to file a home insurance claim, start by comparing the anticipated cost of the repair versus your deductible. If the cost is less than your deductible, it is generally better to pay out of pocket than to file a claim.
An exception to this rule is if you are filing a liability claim – with a liability claim you should always file if there is a chance that you might be sued as the fees associated with a lawsuit can quickly escalate. If you are concerned that your homeowner’s insurance premium may increase, one way to reduce it is to increase your deductible. However, if you increase your deductible you’ll want to choose a number that you can easily afford to pay if a claim needs to be filed as your insurance company will only pick up the tab if the cost exceeds your chosen deductible.
For more information on when to file an insurance claim or to purchase a homeowners insurance policy, let the team at Pro Insurance Group in Follansbee, WV help. We’ll take the time to answer each of your questions and walk you through the insurance process so that you will feel comfortable in any decision that you make.
Give us a call today to schedule a no-cost consultation with one of our friendly and knowledgeable insurance professionals.
