By: Advocate Brokerage
When a wind storm knocks down a tree in your back yard causing damage to your fence, your first thought might be to pick up the phone and file a claim with your homeowner’s insurance carrier. It makes sense to want to be compensated for any loss. The question is…
Does it make sense in the long run?
If you are looking for ways to save money on your homeowner’s insurance policy, limiting the number of claims you file is one thing to consider. Filing multiple, small claims can be a red flag for insurance companies. We have seen policies come up for renewal and be rejected because there are one too many claims on file. Instead, consider saving your claims for claims that are more severe in order to eliminate potential issues when your policy comes up for renewal. Paying to repair to have the fallen tree disposed of and for the repair of your fence out of your own pocket may leave you in a better position at renewal time.
If you suffer a loss small loss such as a tree falling in your yard and you are wondering if you should file a claim, please pick up the phone and give us a call! We can have a quick conversation and work together to determine if the incident is claim filing worthy, or if you would be better off covering the cost of the damage out of your own pocket.
Our more than 50 years of experience comes with a collection of lessons learned from the claims we’ve walked through with our clients over the years. We believe in sharing those lessons with our clients and educating each client we serve. We encourage you to take advantage of our knowledge and ask questions, that’s what we are here for! Anytime you have a concern, please get in touch with us at 914-723-7100. We are here for you!