How To Get Homeowners Insurance After A Claim?
- 14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482If you have suffered a covered loss and have filed a claim with your insurance company, it is pretty unlikely that you will be forced to make this decision. In my experience, most companies do not take adverse action like non-renewing a policy for filing one claim. It is, however, possible that you may see your premium increase a bit as a result of that claim.Answered on April 30, 2014flag this answer
- 37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaA claim may result in a notice to “non-renew.” This would happen if the home is exposed to a hazard that has not been “mitigated.” If your home is on a bluff overlooking the Pacific Ocean and part of the bluff falls into the ocean, your current insurance company might decide to “non-renew.” If you can demonstrate to either your current company or a subsequent company that you have taken adequate steps to eliminate that danger, you should be able to secure coverage. The other reason that a policy might “non-renew” might be moral. If you have attempted to defraud the company or shown negligence in maintaining the property, they might chose to “non-renew.” That doesn’t mean that another insurance company might not insure you. Large brokerages frequently have the capacity to insure really difficult risks.Answered on April 30, 2014flag this answer
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