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If you claim something on your homeowners insurance does it go up?; Can a Phone Call to Company Hotline Raise My Insurance Rate?

Question by Danny R: If you claim something on your homeowners insurance does it go up?
My house was recently broken into and Im afraid that my homeowners insurance will go up. Is that true?

Best answer:

Answer by Meghan
Yes, but it’s probably going to go up anyway. Typically, when it comes to homeowners insurance- you and all your neighbors, etc are lumped into a group. When claims are paid to any of those insured, the rates of everyone in the surrounding area will go up.

If your house was broken into, it’s worth claiming it on your insurance if anything of value was taken. But be prepared for some unpleasant surpises, like jewelry not being covered, etc.

Add your own answer in the comments!

Can a Phone Call to Company Hotline Raise My Insurance Rate?
Several years ago, after an unexplained hike in both my auto and homeowners insurance, I called my insurer and was told that general rates in my area had increased. But when getting quotes from other companies, I learned the truth.
Read more on AARP News

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