My $5000 worth TV have broken. Is that ok to get hold of the money thru home insurance?
One of my friends thinks that I shouldn't go thru the home insurance as that will affect my history/credit, unless it is more than $10,000. Any push for?
Answers:
First, what is your deductable?
If you will pay the first $1000 or more of any claim, you should consider it wisely. ANY claim, especially in a young policy, can push your rates up. If you wage the first $1000 in deductable, and your rates go up $50 a month -- you'll be 'paying' for that TV for a long, long time.
Remember that ANY claim is record in your history for the insurance, and more than one claim of ANY size can trigger the insurance company to drop your coverage -- which will be a problem for your mortgage lender.
Even calling your insurance company to ask for advice more or less whether or not to make a claim goes contained by their log... and if you call about different possible claims (even if you never wallet it for payment) can impact your 'image' with the insurance company. A friend had made several 'research' call -- asking about dog bites, tree limb disfavour, water damage to the underground store -- and she was perceived to be a higher risk. When she in truth filed a claim and her rates went up, they said that it be part of the calculation.
do you buy TV insurance? it is still in warrney oor something, tkae ti back to store and call for them up for help.
Your home insurance won't cover the replacement of the TV unless it was broken in a specific nice of disaster, like a tree crashed through the roof and smashed it. Read your policy carefully.
If you bought it quite recently, you can check with the entrepreneur or the store that sold it to you, but other than that you'll just own to pay to get contained by fixed or replaced.
You have need of to contact your insurance agent and find out if your broken tv (no matter how much you paid for it) is covered thru your policy.
Related Questions:
Answers:
First, what is your deductable?
If you will pay the first $1000 or more of any claim, you should consider it wisely. ANY claim, especially in a young policy, can push your rates up. If you wage the first $1000 in deductable, and your rates go up $50 a month -- you'll be 'paying' for that TV for a long, long time.
Remember that ANY claim is record in your history for the insurance, and more than one claim of ANY size can trigger the insurance company to drop your coverage -- which will be a problem for your mortgage lender.
Even calling your insurance company to ask for advice more or less whether or not to make a claim goes contained by their log... and if you call about different possible claims (even if you never wallet it for payment) can impact your 'image' with the insurance company. A friend had made several 'research' call -- asking about dog bites, tree limb disfavour, water damage to the underground store -- and she was perceived to be a higher risk. When she in truth filed a claim and her rates went up, they said that it be part of the calculation.
do you buy TV insurance? it is still in warrney oor something, tkae ti back to store and call for them up for help.
Your home insurance won't cover the replacement of the TV unless it was broken in a specific nice of disaster, like a tree crashed through the roof and smashed it. Read your policy carefully.
If you bought it quite recently, you can check with the entrepreneur or the store that sold it to you, but other than that you'll just own to pay to get contained by fixed or replaced.
You have need of to contact your insurance agent and find out if your broken tv (no matter how much you paid for it) is covered thru your policy.
Related Questions:
- What type of insurance should I get working from home as a self-improvement consultant?
- HOW do I determine the best home insurance?
- Does anyone know of any home remedies to treat fluid on the knees? ( I own no form insurance)?
- IN KENTUCKY, WHAT is the regulation contained by good opinion to home owners insurance?
- Pittbull owners - is your home owners / renters insurance comp. aware ??