When a homeowner needs to file a claim with their insurance company, it may not always be advisable to do so. At times when a claim is filed, homeowners put themselves at risk of having their home insurance canceled. There are two different views when it comes to filing claims, the policy holder view and the underwriter view. The paying policy holder feels that a claim should be paid just like their premium is payed without question. The underwriters prefer policy holders who average a file claim every 10 years. Here are some tips on avoiding this potential mess. Homeowners can select the largest deductible they can possibly afford. Also, small claims should be handled by the consumer to avoid dealing with the insurance company. In the event a major event or damage is caused would be the time to involve the insurance company. In the long run it isn’t worth involving the insurance company over a few thousand dollars.
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To Claim or Not To Claim…That is the question