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primeomega

join:2004-03-11
De Pere, WI
reply to Dexter

Re: File a homeowner's claim or not?

Your rates will not go up when you file a claim. People mistake the car side of insurance and home sometimes. What happens is if you have a claim, and you go to a new company, then you will start to pay more.

As for the claim, you might be better off to. If there is some dmg. you can not see, and that dmg does more dmg, you could get in trouble there.

Say there is a hole and water gets in somewhere. 6 months from now you find this out. You as the home owner did not mitigate your dmgs and now because of that, the org dmg caused more dmg. Could deny the claim.

I handle claim all day long and I am glad you do not have much dmg or anyone was hurt. I have seen some crazy stuff so far today!

Good luck, sure you will get lots of responses


mattmag
Premium,ExMod 2000-03
join:2000-04-09
NW Illinois
kudos:3
said by primeomega:

Your rates will not go up when you file a claim. People mistake the car side of insurance and home sometimes. What happens is if you have a claim, and you go to a new company, then you will start to pay more.

This information is not necessarily true. You may not experience a rate change with *a* claim, but if you have repeated claims within a certain period of time or a long claim history, I can assure you your rate will indeed be affected.


Jack_in_VA
Premium
join:2007-11-26
North, VA
kudos:1
Reviews:
·Millenicom
said by mattmag:

said by primeomega:

Your rates will not go up when you file a claim. People mistake the car side of insurance and home sometimes. What happens is if you have a claim, and you go to a new company, then you will start to pay more.

This information is not necessarily true. You may not experience a rate change with *a* claim, but if you have repeated claims within a certain period of time or a long claim history, I can assure you your rate will indeed be affected.

That information also is not necessarily true. It depends of the type of claim(s). Claims of this type caused by weather events generally do not count as a negative to the insurance companies for individual rating. Heavy loses may and do cause general rate increases for everyone in the area. My ex wife was a broker for numerous companies for 19 years and I have some direct knowledge.