Do home insurance claims increase premiums?

+1 vote
asked Oct 19, 2018 in Insurance by Lamkerprist (3,840 points)
Do home insurance claims increase premiums?

When you put an insurance claim on your home does your insurance premiums increase?

2 Answers

0 votes
answered Oct 19, 2018 by Avarado (27,970 points)
Home owners insurance differs from auto insurance so while making a claim on your auto insurance may increase your premiums for your auto insurance it won't increase your premiums on home owners insurance to put in a home owners insurance claim.

If you do have some significant damage to your home you should always put in a home owners insurance claim and have the insurance cover and pay for the repairs to the home.

Filing a claim for home owners insurance will not raise your premiums.

Also insurance companies can only submit rate increases once per year so even if your premiums did increase it wouldn't happen for a year at least.

However if the damage was done to your home and it wasn't your fault then file an insurance claim and your premiums should not go up.
0 votes
answered Oct 19, 2018 by Qlimax (350 points)
Premiums do not go up when you put in a home owners insurance claim.

I've put in a few home owners insurance claims and my premiums have never increased at all.

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