Should You File A Claim?

Not every accident or damage to your home or car requires filing an insurance claim. Knowing when to file a claim can save you from having to pay higher rates on your insurance premium. The following provides some insight into the claim filing process.

Homeowners and auto insurance is a necessity if you own a house or car. In the event of serious damage to either of these entities, your insurance will protect your interests so you don’t suffer financial loss.

At the same time, you don’t want to file a claim for every accident that may arise. Too many claims in the same year could cause a rise in your rates or cancellation of your policy. Claims for such incidents as water damage, dog bites and slips and falls on your homeowners policy could result in increased premiums.  

Every insurance claim you file is written in your insurance record. Therefore, it’s better to file claims only when your home or auto has sustained extensive damage. Auto accidents that involve other vehicles or passengers in your vehicle should also be reported to your insurance carrier to protect your financial interests. If repair costs less than your deductible, make an effort to pay these on your own to avoid insurance problems in the future.

For more information about filing a claim or to get a quote for auto or home insurance coverage, contact Mike Leonard Insurance, Carrollton, Texas.