Jump to content

Claiming on buildings insurance affecting premium


Recommended Posts

Hi

We have several properties, and there has been some storm damage to the roof of one of them.  If we claim on the buildings insurance for the repairs, will this affect the insurance premiums for the other properties?

The cost of the repairs is not huge, so we don't want to shoot ourselves in the foot by claiming if it is likely that we will end up paying more by all the premiums go up.

 

Thanks in advance

Link to post

I don't know about your specific case, but I can give you my own example. I claimed on my buildings insurance for escape of water in 2018, and there hasn't been a noticeable bump in my premiums

 

_______________________________________________________________________________________________________________________________
Vin Gupta
Property Investor and Developer
UK Property Blog: https://evolutionblogger.com/article/uk-property-articles
Travel Blog: https://soulfultravelguy.com/

Link to post

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...