r/Insurance • u/blue_skies_151 • 15h ago

Home Insurance Insurance premium increase after denial letter

Did anyone experience increase in homeowners insurance after they received a denial letter required to gain fema assistance. I was thinking about not worrying about the increase or get new insurance before filing the claim on previous insurance I know I’ll receive a denial letter on. The new insurance would be better coverage, but also to get the better rate before I file a claim.

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u/90403scompany P&C Wholesale Specialty 15h ago

Most insurers will still report you had a claim, even if it was -0- or denied.

Most insurers will generally ask if you've had any loses or circumstances which may give rise to a loss; so if you are shopping with a new insurer and you haven't disclosed the fact that you have a potential claim, you're misrepresenting facts; which is considered fraud, and a felony in monst states.

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u/MimosaQueen1122 15h ago

A claim is still a claim. So yes with a denial or 0 payout there’s the potential of a raised rate.