We have all come to expect that if we have tickets or accidents on our driving record that our auto insurance rates are going to be higher than if our records are clean.  A trend in the Insurance industry is to use this same strategy to determine how much you will pay for Homeowners Insurance.  If you have claims activity you can expect to pay a higher annual premium. 

I know that it is aggravating.  What's the point of having insurance if you have to pay out of your pocket every time you have a legitimate problem?  The point is that now more than ever you must manage the claim activity on your policy.  Otherwise, if you file repeated claims, even for legitimate but relatively minor repairs, you could find yourself paying a higher premium or without insurance at all.   

Strategies that made sense years ago may not be as beneficial today.  So where does this leave you...?  I am suggesting that you consider raising your deductible to a minimum of $1,000.  This strategy will do two things for you.  First, raising your deductible likely means that you won't file a claim for something minor.  By not filing claims you will avoid a premium surcharge.  Second, raising your deductible will lower your annual premium.

Since 1987 We Have Helped Our Friends And
Clients With All Types Of Insurance!