16 Jan 2020
home on top of stacks of cash

Watch out for these costly home insurance claims.

As a homeowner, you should anticipate your insurance rates increasing every time you file a claim.  However, some insurance claims will raise your rates more than others.  If you don’t want to get caught off-guard by a premium increase, then here are the types of home insurance claims that will raise your rates the most.

Fire Claim

  • Average Premium Increase in Dollars: $273
  • Average Premium Increase in Percentage: 20%

Liability Claim

  • Average Premium Increase in Dollars: $260
  • Average Premium Increase in Percentage: 19%

Theft Claim

  • Average Premium Increase in Dollars: $253
  • Average Premium Increase in Percentage: 19%

Water Damage Claim

  • Average Premium Increase in Dollars: $228
  • Average Premium Increase in Percentage: 16%

Weather Claim

  • Average Premium Increase in Dollars: $107
  • Average Premium Increase in Percentage: 8%

Personal Injury/Medical Claim

  • Average Premium Increase in Dollars: $76
  • Average Premium Increase in Percentage: 6%

Watch out for these expensive homeowners insurance claims.  Do you have further questions about your home coverage?  If so, then contact the experts at Patterson & Associates in Richardson, Texas.  We are ready to assist you with all your homeowners insurance needs today.