Why A Small Insurance Claim Is Not Worth Filing – Insurance Claim Solutions Advice

Small Insurance Claim | There are times that you are often better off covering the cost of a small insurance claim yourself. Filing an insurance claim can lead to a 20% to 40% jump in your premium, and in the case of a small claim, it may not be worth it.

There are a number of factors that influence the costs of your insurance policy; one of them is the total value and frequency of your claims.

Insurance companies— every one you’ve ever used—report all claims, even those they formally denied, to Insurance Link. The InsuranceLink database has been created to store the details of 1st party insurance claims and helps insurers fight insurance fraud, e.g. cuts down on duplicating claims, previous claim history non-disclosure etc

The report contains the following information on each claim:

  • Policy number
  • Your name
  • Date of birth
  • Property address
  • Type of claim
  • Description of claim
  • Date

If you wish to establish what information, if any, is held about you on Insurance link, you can do so by following the procedures outlined on their website. If there are any inaccuracies, you can also apply via the website to have them corrected.

Before you file a small insurance claim, check whether it is worth it

  • Never submit a claim that is smaller than the excess—simply, there is no loss.
  • Consider that each claim, no matter how small, will stay on your insurance record for many years.
  • Your insurance premiums may go up by 20- 40% as you may lose a no claims bonus. Even a small claim can lead to other insurers not quoting for your renewal, or preclude you from changing to a new insurer.
  • Think about the last time you made a claim. If you’re a consistent claimant, you’re going to get slammed on premiums. It isn’t unusual for a home owner to make up to two claims in a 10-year period, but more than one or two in a three-year time span and the alarm bells go off and you will be classified as a high moral risk.

Our advice is to keep your no claims bonus and don’t make a claim unless the resultant damage and payout is going to justify the increase in premiums. Keep it for when you need it.

If you suffered a loss and need a FREE professional advice on whether you should file an insurance claim, call us. Our experienced Loss Assessor will help you make an informed decision and help you keep your premiums low.

 

Contact Details

Insurance Claim Solutions
Golf Rd, Rush, Co. Dublin

Mobile: 086 357 1713
Phone : 01 870 9210

We are registered as Public Loss Assessors and fully regulated by the Central Bank of Ireland

Google Reviews

Custome Reviews
Susie Webster
Susie Webster
12:35 03 Nov 22
Recently had a bad leak in my bungalow, was recommended Trevor from Insurance Claims Solutions. The best thing I ever did, Trevor is an exceptional insurance agent who is prompt, efficient, knowledgeable and friendly. Trevor guided my through the process ensuring the outcome for me was his priority. 100% recommend Trevor from Insurance Claims Solutions, if I could give him more than 5 stars I would!
N roy
N roy
19:20 23 Oct 22
Trevor was recommended to us only 4 weeks ago. We had a leak in kitchen which we thought would need just a new floor. Trevor came in and from that moment onwards we were in safe hands, far more damage than we ever thought thanks to Trevor, he did all the work with our insurance company, no hassles at all. If you have something happen at home and are thinking of using your insurance look no further than Trevor. His knowledge his second to none, best decision we have made in years. 5 stars isn't enough.ThanksNigel and Mags
Graham Nugent
Graham Nugent
09:24 20 Oct 22
I am delighted to recommend Insurance Claim Solutions to anyone facing a need to submit a home insurance claim. We had a significant escape of water from our attic tank while we were away, and came home to quite a smelly mess and water damage. We contacted Insurance Claim Solutions and really appreciated Trevor Kelly's attention to detail, and his professionalism. Trevor is a really good communicator and he is friendly, he took away all of the hassle and bureacracy for us; and as an industry expert he was thorough in preparing our claim and negotiating on our behalf. We handed everything over to Trevor and had no regrets; now that the claim has been settled, we could not be more satisfied. Thank you Trevor.
Eoin Donohoe
Eoin Donohoe
09:21 30 Sep 22
I recently worked with Trevor on a housing claim that required experienced support from a top quality professional. Trevor certainly is a high quality professional who provided great support. Trevor is a great communicator and was extremely good at keeping me up to date on how the process was progressing. He kept me reassured that the issue had his focus and commitment at all times. I would highly recommend Trevor.
Nicole Mc Laughlin
Nicole Mc Laughlin
18:57 26 Sep 22
We cannot give Trevor enough praise and appreciation for his incredible help during our time of crisis. We had a fire in our kitchen, that destroyed the kitchen and damaged the rest of the house. To say we were frightened, overwhelmed, and frankly clueless on what to do would be an understatement. Trevor was with us every step of the way; guiding us on what we needed to do, dealing with our insurance provider, putting us in touch with a clean-up team for our home and possessions, and introducing us to a construction team to do the re-build. *see before and after picsWe were treated with kindness and care by all involved, and our home came out absolutely beautifully! If you or anyone you know should be unfortunate to find themselves in a similar situation, we highly recommend giving Trevor a call!
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