Find Out When Filing a Home Insurance Claim is Worthwhile
A home insurance policy is designed to cover your home and belongings in the event of a disaster. So, when an incident does happen, homeowners often rush to file a claim. That's what you have coverage for, right? While some people believe that they might as well because they have coverage, there are some instances when it doesn't make sense to file a claim
. Whether or not you should file a claim on your home insurance in Renton, WA
depends on the amount and type of damage.The average homeowner file a home insurance claim every 10 years. If you file more than that, you can expect your insurance rates to rise at renewal time, possibly doubling. If you file a number of claims in a year, your insurer may €œnonrenew € your policy because you are now deemed as more of a risk. It's never ideal to pay higher premiums over a $1,000 claim that you could have paid for yourself. In some situations, keeping your record clear is actually more beneficial than filing for a payout.Your home insurance is designed to protect your property and belongings in a catastrophe, such as fire, theft, windstorms, hail, riots, and more. Keep in mind that home insurance is not a maintenance policy and you should not look to your insurance to cover your home's general maintenance and upkeep.Do you have questions regarding your home insurance policy or coverage? Talk to the home insurance
experts. Visit the professionals at Humble & Davenport Insurance to get started on your tailored home insurance.