Property Insurance Claims Blog

What Causes Homeowners Insurance Premiums to go Up?

Apr 24, 2018 4:24:00 PM / by Greg Tidmore posted in Claims process, Homeowner's Insurance

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Most people have insurance policies to protect themselves should something go wrong, then when something does, they’re afraid to use it!

That sounds crazy at first. You have insurance. Something went wrong. Why not use it?

The fear is that by making a claim, rates will go up or you risk cancellation. But is that fear rational? Let’s explore what causes rates to go up and policies to be cancelled.

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