Short answer, maybe. Different insurance companies have different policies regarding claims surcharges. Some companies will surcharge for each claim. Some will surcharge for only non-weather related claims. Some surcharge following claims payment exceeding a specific threshold. And some have a forgiveness period based on how long you have been with them before they will assess a surcharge at all.
This is a great question to ask when you are shopping for homeowners insurance. And because insurance companies' change their procedures, it also important to review your policies periodically with your insurance professional.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
The answer is, “frequently.” Even if they pay little or nothing many homeowners will lose their “claims-free” discount and that can be substantial. The claim indicates that there is something unusual about your home as a risk because very few homes file a claim. That consideration affects the rating and ultimately the premium charged at renewal.
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This is a great question to ask when you are shopping for homeowners insurance. And because insurance companies' change their procedures, it also important to review your policies periodically with your insurance professional.