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Updated about 9 years ago on . Most recent reply
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How much does insurance go up when you make an insurance claim?
I have a property that I put around $15,000 into. I had to evict some tenants, and they stole the bathroom sink, outside awning, destroyed some of the walls and carpets and stole the furnace and hot water heater. It needs a significant amount of work, about $3,000 dollars worth. I have two questions about this.
1) Is this worth making a claim over?
2) How much does insurance go up when you make a claim?
3) Will the insurance for my other properties go up as well, since I'm insured by the same company with all my properties?