Does your homeowners insurance go up after a claim? - LeadCloud News
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Does your homeowners insurance go up after a claim?
11 November 2020

Does your homeowners insurance go up after a claim?

How much does your homeowners insurance increase after a claim?

Filing a homeowners insurance claim will most likely cause your premium to increase temporarily. There are certain exceptions, which we will discuss later on. However, the amount your premium will increase after a claim depends on a variety of factors, including:

  • The type of claim
  • The extent of the damage
  • Where you live
  • Your personal claims history

It is also possible for your home insurance rate to increase based on the frequency of claims in your area. For example, after a major hurricane that causes extensive damage in your city, your insurance rate might increase more substantially than it would if you filed a single property damage claim.

Learn more here - https://www.bankrate.com/insurance/homeowners-insurance/does-homeowners-insurance-go-up-after-a-claim/

 

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