Should I always file a homeowner's insurance claim?

My dishwasher leaked and destroyed a significant portion of the floor and subfloor. However, the price to fix it isn't all that expensive. Should I always file a claim?

Answer
“That can be frustrating!
Submitting a claim all depends on how much the cost of repairs is and whether you can afford them. If the repairs cause financial hardship, you should submit a claim.
Be aware that if you’re a bit overzealous on how many claims you have in a short period, you can risk having your insurance canceled. You may also see a huge uptick in your monthly or yearly premium.
That said, you can always shop around if your rate increases. Insurance companies change rates often and don’t rate policies the same. By shopping around, you likely can find a lower rate elsewhere.
If you want to avoid the hassle of shopping for home insurance, use Jerry. Jerry is a licensed insurance broker that lives in your pocket. Jerry does all the hard work of finding the cheapest quotes from the top name-brand insurance companies and buying new home insurance.”
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Eric Schad
Answered on Aug 13, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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