Owning a home is one of life’s most significant investments, and having homeowners insurance provides peace of mind in case the unexpected happens. However, knowing when to file a homeowners insurance claim can sometimes be tricky. Filing a claim at the wrong time could lead to increased premiums or other complications. At Esch Insurance Agency, we want to ensure you make the best decision for your situation. Here’s what to consider before submitting a claim.

1. Assess the Damage

Start by thoroughly assessing the damage. Determine whether the cost of repairs or replacements is higher than your deductible. For minor incidents that cost less than or only slightly above your deductible, it might make sense to handle the repairs out of pocket. Save claims for significant losses to protect your claim history.

2. Consider the Cause of the Damage

Not all damages are covered by homeowners insurance. Policies typically exclude wear and tear or damage resulting from neglect. Understanding what your policy covers is essential before deciding to file a claim. For example, while damage caused by a sudden storm may be covered, an issue like a slow roof leak due to lack of maintenance might not be.

3. Understand the Potential Impact on Your Premium

Filing a claim can sometimes lead to an increase in your insurance premium. Insurers may consider the frequency and type of claims when determining rates. Evaluate whether the potential premium increase is worth the claim payout.

4. Discuss It With Your Agent First

Before contacting your insurance company to file a claim, reach out to your Esch Insurance agent. We can help you understand your policy, assess the situation, and determine whether filing a claim is the right decision. We’re here to guide you through the process and provide professional advice tailored to your circumstances.

5. Keep Detailed Records

If you decide to move forward with a claim, document the damage thoroughly. Take photographs, gather receipts, and write a detailed account of the incident. Having this information ready can expedite the claims process and ensure you receive the appropriate compensation.

When NOT to File a Claim

While it’s crucial to protect your home, not every situation warrants filing a claim. Avoid filing a claim in these scenarios:

• The cost of damage is less than your deductible.

• The damage is due to regular wear and tear.

• You’ve already filed multiple claims in a short period.

Being selective about when to file can help maintain your claim history and avoid unnecessary premium increases.

Contact Esch Insurance Agency Today

Deciding when to file a homeowners insurance claim doesn’t have to be overwhelming. At Esch Insurance Agency, we’re here to help you navigate these important decisions. Whether you’re dealing with damage or just want to review your policy, we’re only a call away.

Ready to take the next step? Contact us today to schedule a policy review or get expert guidance on homeowners claims.