![]() If the total price of fixing the problem is $800, yet your home insurance deductible is $1,000, filing a claim isn’t a good idea. Let’s say your babysitter accidentally let the bathtub overflow, and now you’re left with damaged flooring. Have you checked to see how much it will cost to repair your property damage? ![]() If Repairs Will Cost Less than Your Deductible And, if your carrier discovers that you’re neglecting the home maintenance your policy requires, your coverage could be canceled. If you put off repairing your rotting roof, for example, and it caves in after a severe storm, there’s a very good chance any insurance claim you file could be denied. If the Damage Resulted from Improper Home Maintenanceīe honest – did your property damage result from your failure to keep up with routine maintenance? However, consider these factors before contacting your agent to file a claim. There are times when filing a home insurance claim is the right solution. ![]() ![]() Claims can sometimes even interfere with your ability to sell your home. In some cases, filing multiple claims could cause your policy to be canceled – and you might even have trouble getting coverage from other companies. You pay for home insurance, so you might as well file a claim each and every time you have property damage, right?Īlthough you certainly have the right to file an insurance claim any time you have a covered loss, doing so can sometimes cause your premium to increase. ![]()
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