General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago,
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?