Homeowners insurance offers peace of mind when unexpected damage occurs, but that doesn’t always mean filing a claim is the best move. Knowing when to file a claim (and when not to) can help you protect your coverage, avoid rate increases, and handle repairs efficiently.

Assess the Extent of the Damage

Start by estimating the total cost of repairs. If the damage is minor and below your deductible, it may be more cost-effective to pay out of pocket. Filing small claims can lead to premium increases or even policy nonrenewal in the long run.

Consider the Cause of the Damage

Insurance typically covers sudden and accidental events such as fires, severe wind, or burst pipes, but not wear and tear or neglect. Before filing, confirm the cause is covered under your policy.

Weigh the Long-Term Impact

Each claim you file becomes part of your insurance record. Multiple claims within a few years can affect your rates and eligibility for discounts. Think carefully before filing if you’ve had other claims recently.

Document Everything

If you decide to move forward, take clear photos, keep receipts, and record conversations with contractors or adjusters. Strong documentation helps speed up the claims process and ensures fair reimbursement.

Talk to Your Agent First

Your insurance agent can help you determine whether filing a claim makes sense. A quick conversation can prevent unnecessary claims and help you make the smartest financial decision for your home.

NY Twin Bridges Insurance Agency Is Here To Serve Albany, NY

Home insurance provides peace of mind, knowing that your investment in your space is protected. NY Twin Bridges Insurance Agency is here to help. Contact our team to learn more about our Albany, NY home insurance services.

People throughout Albany, NY, used to say that you should only slit three tires to ensure auto insurance won’t cover the damages. However, this is another common myth. There are several factors that determine whether insurance will provide coverage, and the number of damaged tires is not one of them.

Insurance Type

The type of policy you have plays a crucial role in whether tire damage is covered. Liability insurance covers the other person’s property damage and bodily injuries if you’re at fault for the accident. It won’t cover damage to your tires.

Collision coverage will help if an accident occurs. Some of these policies will cover you if you’re in an accident involving an object or animal. It’s important to speak with an agent at NY Twin Bridges Insurance Agency to learn more about your coverage.

Comprehensive coverage typically pays for damage from things like vandalism. However, there are other things to consider when it comes to whether your policy will pay for new tires.

Covered Perils and Exclusions

Every policy has a list of covered perils. Vandalism is typically a covered peril under a comprehensive policy. Some policies specifically exclude vandalism if you live in a high-crime area. It’s always a good idea to verify which events are covered when you obtain a policy.

Policies May Cover Factory Tires

Most policies will cover the cost of new tires, but this may only apply to the cost of standard tires. If you have snow tires or customized wheels, you may have to pay out of pocket for part of the damage.

There are several factors that determine how much your auto insurance can help you. That’s why it’s crucial to speak with an agent at NY Twin Bridges Insurance Agency to learn more about your policy coverage. We’re currently serving the Albany, NY, area.

Twin Bridges Insurance Agency

HOW CAN WE HELP YOU?