How To File A Claim With Renters Insurance?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    The whole issue of filing a claim presents a problem.  Property claims are actually rare.  Property insurers traditionally give either premium discounts or deductible discounts based on the period of time the policy has been claims-free.  It is possible that a small claim would result in a loss of these discounts and the actual out-of-pocket expenses that you experience would be more than the amount recovered.  There is also the matter of mitigation which means that you can often contain the expense of a claim.  This might cost you but your net out of pocket expenses might be reduced.  The bottom line is to know your agent, know your deductible, and make sure both of you know the discounts you might already be receiving, before you call that 800 number.  If the house is on fire, don’t wait! 
    Answered on March 18, 2014
    flag this answer
    2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>