Will my liability insurance rates increase if I file a claim?
Filing a claim on your liability insurance can sometimes cause your rates to increase. Insurance companies may see you as a higher risk if you have made a claim in the past. It’s important to weigh the costs of a potential rate increase against the benefits of filing a claim. If the claim is for a large amount, it may be worth it to file, but for smaller amounts, it might be better to pay out of pocket to avoid a rate hike. It’s always a good idea to discuss the potential impact with your insurance provider before making a decision.
