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How much would My insurance premium be?

How much will my insurance premium increase if I make a claim for lost jewelry?

  • I do have insurance specifically for this piece of jewelry and it is valued at about $2500. Just wondering how much my premium might increase? Is it worth it to make the claim or just remove it from the policy?

  • Answer:

    I would definitely make a claim. I don't know about you but for me $2,500. is a significant amount of money. And isn't that why you bought the jewelery coverage. Other than the typical annual rate change your rates will not be directly affected by this loss. One word of caution if you have made more than one claim over the last two years you may want to check with your insurance agent because some companies will cancel you after a third loss. That is why you want to avoid claiming small losses. Don't submit small losses...

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Other answers

If you're talking abhout your household insurance, then this would probably increase by around 5-10%. However, the insurance company will probably (a) not know, or (b) not tell you until it comes around the renewal. Just from experience really.

DeJoria.co.uk

if it's gone, there would be no reason to keep including ON your policy after you are paid fro the claim, but you other related insurance premiums will probably go up - not by $2500 though why did you bother getting the insurance if you aren't going to use it?

Zarg222

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