Insurance Claim or Not?

[Chris Martin]

As a general rule, when do you decide 'yes, I am going to make a claim' regarding hazard insurance on a non-owner occupied property? With a $1,00 deductible, is there a good 'rule of thumb' for making a claim? Obviously if the the damage/loss is $1,000, there is no way to justify a claim. Likewise, $58,000 in fire damage... then, 'yes'. But where is the line? I understand that insurance companies could drop coverage (all coverage?, via CLUE (Comprehensive Loss Underwriting Exchange)) after X claims are made, X being any number greater than zero. I don't know how they decide to do this. But making a claim probably sets you up for higher premiums in the future.

I'm thinking the number is between $3K and $5K or so... just curious as to your take.