Will a dropped claim impact my home insurance premium?

"A thief broke into my home and stole some electronics. I filed a home insurance claim, but then the thief was caught and my belongings were returned to me. The claim has been dropped, but will it still impact my premium?


“The claim will show up on your reports as a $0 paid loss. This type of loss may not impact your premium as much as your eligibility for coverage.
For example, let’s say you have another break-in and this time the insurance company does pay out. This means you have two theft losses on your record, even if the insurance company did not pay money for the first claim. As a result, the company you are with may decide to not renew your policy or cancel it because there are two losses that occurred for the same reason. “
Savannah Grabek
Answered on Apr 07, 2021
Savannah Grabek is an expert in Personal Lines insurance. She has 5 years experience in the insurance industry. Savannah began her carrier working with just property insurance and is now tenured in all personal line including home, auto, motorcycle, boat and umbrella. She previously worked for GEICO and has now been working with Jerry insurance for the past year. Savannah lives in New York with her son, fiancé, and puppy Bear. In her free time she enjoys spending quality time with her family and hiking with her dog.

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