The Affairs Organizer Blog

(1) saving a small amount of annual premium dollars may be costly if you have a claim, since some insurers are more customer-friendly than others when paying claims. Also, insurance companies weigh a customer’s history with the company pretty heavily when making decisions about whether or not to renew a homeowners policy after a claim has been filed (more claims-free time = a greater likelihood of renewal). It can be difficult getting new coverage once you’ve filed an insurance claim.

(2) homeowners policies aren’t commodities – variations in contract language between one policy and another can make the difference between a $10,000 claim being paid or not. An experienced professional broker (not beholden to a particular company) could help.