Resource - Will my premiums go up if I file a claim for hail damage?

Many homeowners suspect they have hail damage to their roof. So why do so many wait so long to file a claim? Some people believe that filing a claim will cost them money. This is not true. Others believe that filing a claim with their insurance company will make their monthly premiums higher. However, this is also false.

The truth is, filing a claim is free and included in your monthly premiums. And contrary to common belief, filing a claim for hail damage to your roof will not cause your monthly premiums to rise. 

What actually causes insurance premiums to rise? Let’s talk about it.

Filing a claim will not increase your monthly insurance premiums.

Insurance premiums can vary over time and by area. The cost of premiums are related to many factors, however they are not necessarily tied to the act of filing a claim. Hail damage is not a controllable variable, and you cannot prevent or reduce the impact that hail strikes have on your roof. Therefore, hail events and claims filed due to hail damage are considered an “Act of God” by your insurance company. 

In fact, most insurance companies are happy to pay to repair or replace your roof. Doing so prevents them from the risk of a larger payout down the line, to repair more severe damage caused by a leaking, neglected, hail damaged roof. 

Why do monthly insurance premiums rise?

Insurance premium rises based not on your individual claim, but rather the amount of claim approvals processed by your insurance company in your zip code. For example, your insurance premiums may rise in a year where a larger percent of homeowners in your area have filed a claim for a roof replacement. Even if you yourself have not filed a claim, this influx may cause your own insurance premiums to rise. 

Of course, filing a number of claims in a short window of time may affect your insurance rates. However, the individual filing a single claim to repair hail damage to your home is unlikely to be the culprit of rising prices. 

Prevent future damage–get your roof replacement approved today.

Let’s face it. Nobody loves dealing with their insurance company. However, a failure to repair even minor hail damage today can cause catastrophic damage to the interior and foundation of your home over time. Preventing this damage is key, and your insurance company is likely to agree.

Hailscale is taking the headache out of hail damage. 

Hailscale gives you the information you need to know before filing a claim. Enter your address and receive your home’s risk assessment and complete hail history in seconds. If your roof is at risk, Hailscale’s team of certified, local general contractors can help you navigate the next steps. From specialized inspections to getting your claim approved, we can help take the headache out of hail damage.

Schedule a no-cost, no-obligation inspection with one a Hailscale experts today!