Filing a Claim that Doesnt Pay, Rates Raise?

[drcoastline]

its ho3 but no water back up rider or flood coverage.

so it wouldnt be covered....

are you saying ho1-3 makes a difference in rate hikes?

its ho3 but no water back up rider or flood coverage.

so it wouldnt be covered....

are you saying ho1-3 makes a difference in rate hikes?

No, what he is saying is HO-1 is basic perils, Ho-3 is Special form. It makes a difference which perils are covered. What was the cause of the loss? Flood, damaged roof from wind? Why do you think coverage doesnt exist?

In my experience filing a claim and having a rate increase depends on the insurer. Filing with an admitted carrier will most likely cause a rate increase regardless of coverage so be cautious. Filing with an excess/surplus lines carrier will not cause a rate increase but can trigger a non-renewal by alerting the carrier to a potential problem and is going to want proof the issue has been addressed.

Filing with a flood carrier doesnt matter. No increase for filing regardless of payment.

So it is important to know what the issue is and the insurer.