How to restrict my home premiums after claims ??

Posted: Wed Feb 28, 2007 05:21 am Post Subject: almost..

Yeah , this is almost the same question that I'd love to ask only that in my case I'd filed for a dog-bite claim and now my insurer doesn't intend to renew my home owner's. What do I do now ?? Jillian_Hawkesworth

Posted: Wed Feb 28, 2007 06:00 am Post Subject:

Usually after one or def 2 claims your rate will go up. Unfortunately that is what happens. I usually advise people to only put a claim in if it is major. As for the dog bit what kind of dog is it. That I have def herd of. You will have to find a carrier that will insure your dog and that will be tough. Or they will exclude the dog and any future bites he may have.

Posted: Wed Feb 28, 2007 06:16 am Post Subject: hi!

Hi !
Thanks for sharing your auto claims experience with all of us in the forum. It is quite the true scenario that follows after each claim but according to the insurers its not so with your home insurance.

They say that with just one claim you don't need to get scared, irrespective of the value associated with your claim. But as nique1221 pointed out the reality is not always palatable as we know.
All d best, Fatman

Posted: Wed Feb 28, 2007 06:39 am Post Subject: Heal before you complain!

My friend, theres quite a possibility that your dog bite claim may bring forth an increase in terms of your rates or might even push you to the brink where in your home insurer feels unsafe to renew your policy.
Its time you animal lovers learn how to take care of them in order to lower the risk of such an event as a dog-bite. Got my point! Regards, ArindamSenIndies

Posted: Wed Feb 28, 2007 07:01 am Post Subject: You're right!

Yeah thats quite true!
Its quite similar to a situation where in you file a claim for damages inflicted by faulty plumbing and then do nothing about it !
Sasha.

Posted: Sat Mar 17, 2007 03:20 pm Post Subject:

I know it's a late response but I thought I'd add some info to the subject for future reference.....

IMHO, property policy carriers are less likely to increase premiums due to a claim then an automobile carrier. There are _far_ greater automobile claims filed then property claims. Granted, property claims can be larger but I'm betting they still account for less claim dollars then automobile claims... keeping in mind the number of injury claims for automobile accidents (also, larger property losses are usually assisted with re-insurance policies). Also, I'm betting most property claims are 1st party, non liability claims. Meaning, the risk has not changed. In an automobile accident, someone is at fault and accidents far outweight any other automobile claim filed. So the risk after an automobile accident usually _does_ change.

Of course, file a couple of property claims and I'm betting rates increase then. As always, it _really_ depends on the company and their claims to premium ratio.