Making a claim on your home insurance policy will have a direct impact on your premiums in Ball Ground, GA. Depending on the situation and the claim that you make, the specific impact on your insurance premium may vary.
Low-Cost Claims
As a general rule, it is better to avoid making a claim on your home insurance policy unless you have a large amount of damage.
Low-cost claims are usually not worth the impact on your premiums and they may be denied in a variety of situations. In some cases, the deductible will be higher than the amount that you want to claim, which makes it not worth the increased rate on your policy.
Denials and Insurance
Even if a claim that you file is denied, you may still see an increased rate on your insurance premium. The reason is that your insurance provider now has a record of the damage to your property and the attempt to make a claim.
Whenever your insurance policy records a claim, it will usually have an impact on your rates. In most cases, your rates will increase. That does not change just because the claim was denied, so it is important to evaluate your policy carefully before you contact your insurance provider to ensure that you are covered for the situation. If a claim is denied, then find out the reason. Sometimes, it may be denied because you have not provided all of the required documentation or similar problems.
There are times when it is better to avoid filing a claim on your home insurance policy to protect your finances. Contact us to speak to an agent to learn more about your coverage options.