Reply to what happens if you get dropped from home owners insurance?

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[quote=Anonymous][quote=Anonymous]Why did you make claims for water damage? [/quote]

Because most people erroneously think insurance is for "small/minor things".  Just like with auto insurance people carry a 500 deductible, their 17 yo rear ends someone and they file the $2500 claim with insurance.  Not realizing that their rates will now go up by $2-3K/year for 3-5 years.  And if the kid has another accident, they could get dropped.  
When in reality, you just need to suck it up, and keep it out of insurance, unless the other party is slimy/looks like they are not ethical.

But yes, water damages are well known to be the "kiss of death". They actually stay with the home/property on record that all reputable insurance companies can find.  Thus also making it challenging to sell your home in the future.

Trust me, I've had water damages and filed years ago (15+, 10+ in of rain in 5 hours in an area where 85% of people had basements flooded who had never had it happen previously---well our sump pump died as did the backup during that storm) but no way I would file now[/quote]

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