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Home Insurance Claims That Cause Your Home Insurance Rate to Jump Up

Home Insurance Claims That Cause Your Home Insurance Rate to Jump Up

Jan 23, 2020

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Home Insurance Claims That Cause Your Home Insurance Rate to Jump Up

Home Insurance Claims That Increase Your Premium

 

As a homeowner, you hope that you never have to file an insurance claim. Although you have the necessary coverage in place, you hope that your home never faces damage or loss. Unfortunately, accidents do happen. When it comes time to file a claim, it's important to be prepared for the aftermath. Filing claims can raise your premium rates more than any other factor besides poor credit. Take a look at the few claims that cause your premium to shoot up.

 

Fire

Average Price Increase: $273

Average % Increase: 20%

 

Liability

Average Price Increase: $260

Average % Increase: 19%

 

Theft

Average Price Increase: $253

Average % Increase: 19%

 

Weather

Average Price Increase: $107

Average % Increase: 8%

 

When the worst happens, make sure that you can fall back on your homeowners insurance. When it comes to finding the right coverage, call the experts at Jack Stone Insurance Agency. We serve Brentwood, Antioch, and neighboring cities in California with reliable and comprehensive home insurance policies. Open our home insurance page in a new tab to read on!

 

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