Home Insurance Claim Deductible: When to File and When to Absorb the Cost

Home Insurance Claim Deductible

Your deductible is not always a flat fee. Many homeowners unknowingly have percentage-based deductibles that can cost thousands of dollars out of pocket. Filing a claim for damage that costs less than your deductible will result in zero payout but can still leave a negative mark on your insurance record. Insurance companies often apply depreciation … Read more

Should You File a Home Insurance Claim? A Homeowner’s Decision Guide

Should You File A Home Insurance Claim

Filing a claim is a financial calculation, not an automatic reflex. The wrong call can cost you more in future premiums than the claim pays out. Do not rely solely on the advice to “file if the damage is over your deductible.” You must factor in the loss of claim-free discounts and a typical three … Read more