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Should You Always File An Insurance Claim?

Should You Always File An Insurance Claim?

When You Should File a Claim

You invest in homeowners insurance to ensure that your home is protected from any peril. However, making a claim for any damage may not be in your best interest. Filing a claim, even if it is small or not your fault can cause serious premium hikes for your home insurance.

No matter who is at fault for an accident or the size of the claim, any claim that you make with your home insurance company can lead to increased rates. There are many circumstances that are taken into consideration when your insurance company is deciding on the cost of your policy, including your credit rating, number of claims you have made in the past, and the frequency of natural disasters in your area.

Keep in mind that while any claim can possibly lead to rate hikes, not every claim has the same affect. More serious claims, such as dog bites, water damage, and mold claims will lead to much higher premium increases than less severe claims.

When deciding if you should file a claim, there are many factors to consider. Look into your policy to see if they offer claims forgiveness. Keep in mind that not every company will forgive the same claims, so if you switched companies, make sure to double check before you make a claim. If there is only minor damage to your home, such as a few shingles that blew off in heavy winds, you will probably be better off repairing it yourself. Large issues, such as if your roof completely caves in, should always be reported.

For all of your homeowners insurance needs and to ensure that you are properly protected, contact the insurance professionals at the Insurance Agency of Dean Davis in Austin, Texas. We will work with you so that you have the right amount of coverage, all at the right price.


What do I do if I need to file a claim?

Filing an insurance claim may seem intimidating, but it really isn’t all that difficult. Insurance claims need to be filed the second they become applicable. The longer that one waits for an insurance claim the harder it will be to file the claim. In addition, many insurance providers will not allow a claim if it exceeds a certain amount of time. This means that it is absolutely vital for an insured individual to get on the phone with their insurance company the second that they need to. Most insurance claims can be completed either over the phone or online. Some insurance providers even have mobile applications that will allow insured individuals to take pictures related to the claim and to file the claim immediately.

All an insured person usually needs to do to file a claim is to speak with their insurance representative as soon as possible and follow their directions. If the insured person is going through an independent insurance agency they can call their agent to ask for further advice.

Those with more questions about how to file insurance claims can contact the Insurance Agency of Dean Davis, Inc.