Sojourner
Thinks s/he gets paid by the post
- Joined
- Jan 8, 2012
- Messages
- 2,595
I have been dealing my insurance company recently regarding a wind-damaged roof on my house, and they have approved my claim -- fairly quickly and without much push back, much to my surprise. They'll be paying out a total of about $4,400 for replacing the roof, and I'll be covering the rest due to my deductible, etc.
My question is, for those who have gone though this process before, does the insurance company routinely raise premiums after a claim like this? If so, how much of an increase could I reasonably expect? My current yearly premium is roughly $650. It would seem to me that they should not raise my premium since the new roof is much less likely to allow water to leak into the house and will be much better at protecting the structure and the surfaces it's covering, but I have a bad feeling that I'm going to see an increase nonetheless. As a side note, this is the first time I have ever made an insurance claim for anything on my home or auto policies after 25+ years of paying premiums.
My question is, for those who have gone though this process before, does the insurance company routinely raise premiums after a claim like this? If so, how much of an increase could I reasonably expect? My current yearly premium is roughly $650. It would seem to me that they should not raise my premium since the new roof is much less likely to allow water to leak into the house and will be much better at protecting the structure and the surfaces it's covering, but I have a bad feeling that I'm going to see an increase nonetheless. As a side note, this is the first time I have ever made an insurance claim for anything on my home or auto policies after 25+ years of paying premiums.