April 18, 2010
home insurance burglary
Will my home-owner’s insurance increase considerably now that I’m having to make a burglary claim?
Its only about $1500 worth of items stolen. Will it really shoot up like car insurance does?
Well, there are many factors that go into whether or not your insurance rates will shoot up. Have you had any other claims with this company? What premiums were you paying per year? What deductible do you have? These are examples of things the company will look at prior to deciding whether you fall into the category that allows your rates to be increased.
I doubt your rates will skyrocket, but it will DEFINITELY depend on the company.
Good luck!
Filed under Home Insurance by on Apr 18th, 2010.
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