Before you make a property claim with your insurance company, it is important to know whether or not your insurance rates will spike. Mutual Claims Services in Miami can help. We are an insurance company who understands the complexity of a property damage claim, and we know what can happen when you make a claim. To learn more about us and how we can help you, contact us at Mutual Claims Services today or visit our website.


Making Small Claims


Many people use their homeowners insurance at every instance they can. They report everything from small water damage to a stolen laptop to a crack in a window. The fact of the matter is that these small claims can actually add up and make your insurance premiums even more expensive. Given enough of these small claims, your insurance company may even cancel your policy.


The important thing to remember is that your homeowners insurance is not something that you should use for maintenance of your home. While there is no single answer to how much your premiums may increase or how many claims it would take for your policy to be canceled, you should still be careful.


The amount that your premium could rise is also dependent on the type of claim that you are making. For instance, premiums could rise by 14% if it is a liability claim but only 2% if it is a weather claim. Additionally, fire, theft, and vandalism usually average out at 13% while hail and wind are around 6%.


The other factor that could come into play is the actual location of the claim. Some states average at a much higher rate when someone makes their first claim than other states. For instance, in Texas, there is legislation preventing insurance companies from raising premiums after the first claim. However, in other states, there may not be such provisions in place. Other factors, such as severe weather, can also have an impact.


Use Insurance for a Large Property Claim


The best thing that you can do is to save your property damage claim for only the big, important things that need to be taken care of. Try to take care of the smaller things yourself. This saves you money in the long run and will allow you to use your insurance for something truly important when it does come along.


Want to Learn More About Filing a Property Damage Claim? Contact Us


FIling a property claim can be a confusing task, but we at Mutual Claim Services in Miami can help. We have worked with many clients in the past to get them their claims filed properly, and we can do the same for you. While not everything that happens to your home needs to be submitted, we can help you sort through and determine which claims you need to be paid out. To learn more about what we can do for you or to learn more about property claims, contact us at Mutual Claim Services today.