Anonymous
Post 12/08/2022 08:33     Subject: Household insurance claim & deductible
Anonymous wrote:A branch damaged a skylight in our house and it will cost $2,000 to replace. We currently pay $2,089 premium per year for household insurance with a $1,000 deductible. Is it worth making a claim? A friend advised against it as our premium would increase. I don't really understand whether a premium increase for a relatively small claim does actually happen and would appreciate advice. TIA.


Pay out of pocket. Home insurance is for catastrophes. This isn’t one.

The risk isn’t higher premiums. It’s being dropped entirely.
Anonymous
Post 12/08/2022 08:28     Subject: Household insurance claim & deductible
Anonymous wrote:I know many claim whole roof replacement after hail storms, actually the roofing contracters come to our neigborhoood after hail storm to solicit business and offered help with insurance claims. Sound like a bad idea then?

A lot of my neighbors got their roofs replaced through a guy who came knocking and said he’d do it through their insurance. We were leery of this. We plan to move soon and don’t want to risk trouble with getting a policy for our next house.
Anonymous
Post 12/08/2022 04:58     Subject: Household insurance claim & deductible
I know many claim whole roof replacement after hail storms, actually the roofing contracters come to our neigborhoood after hail storm to solicit business and offered help with insurance claims. Sound like a bad idea then?
Anonymous
Post 12/07/2022 07:17     Subject: Re:Household insurance claim & deductible
We carry a $5k deductible. Years ago we had a tree fall on the house. Damage was more than $45k. When we bought a new house two years ago we had trouble getting i sira ce because of the claim.
Anonymous
Post 12/07/2022 03:45     Subject: Household insurance claim & deductible
This is a small dollar amount that you don't want to claim for all the reasons already mentioned.
Anonymous
Post 12/07/2022 00:23     Subject: Household insurance claim & deductible
This is why I have a 2,500 deductible. I never claim the small stuff and it actually is a big savings over 1k. Plus it’s quicker and easier to pay yourself, time has some value here also.
Anonymous
Post 12/05/2022 10:57     Subject: Household insurance claim & deductible
Anonymous wrote:OP here. Thanks for quick responses. Just to clarify, not worth it because of the increase in future premiums?


Partly due to the increase in premiums but also because if you have more than a certain number of claims they will drop you and it will be very difficult and very expensive to get coverage. Better to save claims for catastrophic incidents.
Anonymous
Post 12/05/2022 10:51     Subject: Household insurance claim & deductible
OP here. Thanks for quick responses. Just to clarify, not worth it because of the increase in future premiums?
Anonymous
Post 12/05/2022 10:46     Subject: Household insurance claim & deductible
Not worth it.
Anonymous
Post 12/05/2022 10:44     Subject: Household insurance claim & deductible
Not worth it
Anonymous
Post 12/05/2022 10:37     Subject: Household insurance claim & deductible
Not worth it.

Home insurance is for major damage.
Anonymous
Post 12/05/2022 09:34     Subject: Household insurance claim & deductible
A branch damaged a skylight in our house and it will cost $2,000 to replace. We currently pay $2,089 premium per year for household insurance with a $1,000 deductible. Is it worth making a claim? A friend advised against it as our premium would increase. I don't really understand whether a premium increase for a relatively small claim does actually happen and would appreciate advice. TIA.