SHORTER SETTLEMENTS INC - PROPERTY DAMAGE EXPERTS
  • Home
  • Services
    • Public Adjusting >
      • Policy Reviews
      • Property Inspections
    • Insurance Appraisals
    • Certified Roof Inspections
    • Home Valuation Audit
  • Community Outreach
  • The Contractor Workshop
  • Client Scheduling
  • Contact Us
    • Frequently Asked Questions

You shouldn't worry about filing a claim on your homeowners insurance...

3/15/2010

0 Comments

 
Picture
Many homeowners are concerned that filing a claim will raise there insurance rates.  This is definitely not the case.  After all, the reason we pay homeowners insurance is to protect us against loss of our most valuable investment, our home.  Therefore, the insurance company does not raise your rates for using the very service you are paying for.  Raising your rates for filing a claim would be equivalent to paying your car payment, and the monthly amount going up because you drove it.

One company laughed at the thought of premiums going up because a homeowner filed a single claim.

When it comes to auto insurance, filing a claim can have serious repercussions because your insurance company might jack up your premium the next time you renew. But what happens when you file that first homeowners claim? Will your premiums skyrocket or stay the same?

According to insurance companies, nothing happens. One company's representative even laughed at the thought of premiums going up because a homeowner filed a single claim. Spokespersons for many of the 10 largest homeowners companies went out of their way to stress this: "A single claim, almost regardless of its size or type, won't raise premiums."

And what insurance companies are saying seems to hold true in practice. Bob Hunter, the Consumer Federation of America's insurance expert, confirms, "One claim won't trigger a price increase."

One state department of insurance spokesperson says, "It's almost unheard of for a single claim to raise premiums, especially if it is an act of God." Act of God refers to an event caused entirely by the forces of nature.

Schedule your Property Damage Consultation!!!

0 Comments



Leave a Reply.

    Kharee Shorter

    I am a License and Bonded Public Adjuster in Pennsylvania, New Jersey and Maryland.  My mission is to walk you down the path to the American Dream of homeownership and much more...

    Archives

    June 2011
    December 2010
    May 2010
    April 2010
    March 2010
    February 2010
    January 2010

    Categories

    All
    Claims Processing
    Fire
    Ice Damming
    Industry News
    Insurance Law
    Mold
    Rain
    Services
    Snow/Ice
    Theft
    Vandalism
    Water Damage
    Wind

    RSS Feed

    View my profile on LinkedIn

Services

​​Policy Review
Property Inspection
Help Filing a Claim
Insurance Appraisal
Schedule a Call
Schedule an Appointment

Company

Shorter Settlements, Inc.
Contact Us
Provide Feedback
Frequently Asked Questions
Do you know what's covered?

Learn More

​Insurance News​
What is a Public Adjuster?
​
Community Outreach Program
​The Contractor Workshop
Client Portal
​Adjuster Log-in
Shorter Settelements, Inc. Logo
Copyright © 2020 | Shorter Settlements Inc | All Rights Reserved
  • Home
  • Services
    • Public Adjusting >
      • Policy Reviews
      • Property Inspections
    • Insurance Appraisals
    • Certified Roof Inspections
    • Home Valuation Audit
  • Community Outreach
  • The Contractor Workshop
  • Client Scheduling
  • Contact Us
    • Frequently Asked Questions