Insurers keep a secret history of your home..

[IGBT]

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What you might not know is that making a claim could make selling your home more difficult down the road. What?s more, you could find your home?s value damaged or a sale jeopardized even if a previous owner, and not you, made a claim.




Insurance companies are terrified of rising losses from water and mold damage. So a single report of water-related problems may be enough for insurers to shun your home.

Jan and Kevin Garder of Bremerton, Wash., discovered this the hard way. The Garders thought they were doing the right thing when they told their insurance company, State Farm, about some minor water damage caused by a rainstorm last year.

 

[AgaBoogaBoo]

wtf... irony? report it trying to do the right thing and all they do is make it harder on you!

 

[IGBT]

Originally posted by: AgaBoogaBoo
wtf... irony? report it trying to do the right thing and all they do is make it harder on you!

..insurance co.aren't our friend. They only take your money when they think your nearly risk free to them. I claimed storm damage on my roof years ago. They paid but canceled me.

 

[CocoGdog]

Everywhere you live is high risk these days. My co-worker lives in a "fire" zone and his family is paying 3x the insurance that they used to pay at the time they purchased the house. This was after one brush fire in 2003. Last I heard, they sold the house and moved back into an apartment.

On the bright side - my old renters insurance paid out twice. Once on a faulty water heater that broke and another on a buglary (theft, sorry its late). It was worth it because I paid $10 a month for that insuance back then.

 

[ThisIsMatt]

This isn't anything new. Never tell your insurance co anything, or file claims on anything unless it's a big money problem. Get a huge deductible so you're not tempted to file a claim.

 

[PingSpike]

Insurance companies entire business model is based on taking your money and then NOT providing you the service, so its really no surprise this kind of stuff happens. As matt said, never tell your insurance company anything.

 

[DrPizza]

lmao, when we purchased our new house, we were told by our insurance company that we were going to need separate flood insurance because there was a stream running through the property. Said my wife to the insurance agent, "If we get any flood waters in our house, you better be building a fvcking ark. There's not going to be any insurance company left to pay us if we get a flood."