Wednesday, May 25, 2011

Guest Blogger, Jonathan Kobler, AF Insurance

Jonathan Kobler
AF Insurance Agency

214-215-6750 mobile
817-405-2631 office
888-503-3098 fax

The Grove Team would like to extend our appreciation to Jonathan Kobler at AF Insurance. The team at AF Insurance offer unsurpassed service and coverage for clients. For all of your insurance needs and questions, call on the guys at AF Insurance! For all of your real estate needs and questions call on the Grove Team, (817) 337-0000 or online,

Will Filing A Claim Cause My Insurance Premium To Go Up?

I like to be as candid and honest with customers as possible. Some agents would just say, “That’s not my area of expertise,” but I like to give people an answer that will actually answer their question. The answer is that filing a claim will NOT cause your homeowner’s premium to increase. Contrary to popular belief, they associate having one claim filed with their rates going up. The fact is that claims don’t dictate the premium with regards to homeowner’s insurance. Homeowner’s insurance does not act like auto insurance. Auto insurance has dozens, sometimes hundreds of tiers for premium rates. Your claim history, citation record, points on your license, and various other things contribute to the tier that you are placed in and the premium you pay for your auto insurance. Homeowner’s insurance focuses more on the region that you live in. The number of catastrophes your area has suffered in the past few years, the potential risk in your area, the type of residential home, and the type of coverage you buy, and other factors are what dictate the bulk of your premium. Filing one claim will not spike your premium. Now, your premium may go up in the subsequent year, but do not put two and two together. The premiums are usually raised in bulk for a given region, not individually, and insurance companies can only submit rate increases to the state once per year.

So, if you have a loss with significant damage (and the damage is substantially higher than your deductible) the right thing to do is file the claim. After all, you’re paying a premium every year, why not use your insurance for what it’s designed to do?

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