When To File a Claim On Your Homeowners Insurance

Homeowners insurance is designed to protect you from significant financial losses. It is not intended to cover small repairs or normal wear and tear. Before filing a claim, it is important to consider whether the claim will benefit you in the long run.

The first thing to consider is the amount of damage compared to your deductible. If the cost of repairs is less than your deductible, filing a claim usually does not make sense. Many homeowners choose to get an estimate from a contractor before deciding whether to file.

Another factor to consider is how a claim may affect your insurance premiums. Claims can increase your rates, and multiple claims within a few years may make it more difficult or expensive to obtain coverage in the future.

You should also review the cause of the damage. Homeowners insurance policies only cover certain types of losses.

For example:

• Flood damage is not covered by standard homeowners insurance policies. Separate flood insurance is typically required.

• If a home has been vacant for more than 60 days, coverage may be limited unless a vacant home policy is in place.

• Sewer backup coverage may be included on some policies but excluded from others.

A knowledgeable insurance agent can help make sure your coverage matches your needs. As your circumstances change, it is important to review your policy regularly.

The bottom line is that before filing a claim, you should contact your insurance agent. Your agent can help you understand your coverage, evaluate the situation, and determine whether filing a claim is the best decision.

Contact AZ Insurance Team

If you have questions about your homeowners insurance coverage or need help deciding whether filing a claim is the right choice, contact the experienced team at AZ Insurance Team. We're happy to review your situation and help you understand your options.

Phone: 480-535-5709