Home Insurance Claims: How Does It Change The Name Of The Game?
Updated: Dec 6, 2021
The spring breeze wafting through the open windows can make a huge difference in the feel of your home. However, the wind comes with its nasty side too. Did you know that more than 40% of the insurance claims made each year is due to the damages caused by strong winds? In fact, the damages caused by the wind has become one of the most common reasons used by homeowners to collect a claim from their home insurance provider.
But the wind is not the only reason why homeowners file an insurance claim. In general, there are several weather related damages that push homeowners to file an insurance claim and get their home repaired. More than 50% of insurance claims are made to cover damages caused by natural disasters.
While emergencies can strike at any given time, there are a number of things that homeowners can do to mitigate the risks that may come with various events. In truth, home insurance claims can either pull your home insurance rate up or down. The more claims you make within a period, the more likely will you be charged higher when in it’s time to file for an insurance policy renewal.
For example, for homeowners who live in the area frequented by heavy storms and strong winds, they should know that their roof is the first to be damaged. Thus, it is highly important that they choose a strong roofing material that could withstand the strong winds. Doing so will help prevent unwanted damages to their roof and making an insurance claim in the process too.
Another example would be for those who may not live in a flood-prone area but are still likely to suffer from water damages. It may be your upstairs neighbor’s pipes blowing off on you or your water heating system that caused the pipes to leak. Either way, the flood can cause serious damages to your home. It is a must that you have all the pipes regularly checked to keep the home safe from unwanted flooding. Doing so will also help keep you from making an insurance claim.
However, this fact should not prevent homeowners from making claims to their insurance providers. Instead, it should help them find initiatives to keep them from making claims every time.