Insurance is a funny thing. You pay a small fortune to get it and keep it. Then, if you have the blatant audacity to actually file a claim, the company either increases your premiums or cancels you altogether.
While the world of insurance can at times be so confusing as to be maddening, going without basic property and automobile coverage is simply not an option. The financial risk is just too great. But there are some things you can do to make sure you don’t stand out to the company as an intolerable risk.
Cover the Little Stuff Yourself
Instead of looking for ways to recoup your premium by making lots of small claims, raise your deductibles to $500 or $1,000 and then do not make a claim unless the damage exceeds that limit. The real problem with filing a small claim is that it can count against you if you ever need to file a bigger claim. A good rule of thumb is to not file a claim if the damage is under $1,000….