Some Homeowners Increasingly Reluctant to File Claims
Many insurers have tightened up on underwriting criteria in the face of big losses and the continuing hard market. One result: some homeowners are deciding not to file small claims, fearing that their insurance company will cancel their homeowners insurance. The recent snowstorms in the Northeast led to damaged roofs and flooded basements -- and some homeowners deciding to forego making a claim. An article in the March 10, 2003, Washington Post tells the story of a few of those homeowners. It also contains a nugget about the possibility that merely calling a carrier to ask about a possible claim, and not filing it, can count against a homeowner the same as actually filing one.