When a tree falls in the woods, does the insurance company punish you?
April 24, 2007 6:48 AM Subscribe
At what dollar amount do I draw the line for making a homeowners insurance claim?
We had a very large tree
fall last week. It caused some damage to the house and the tree had to be cut up and dealt with. All in all it'll come in around two grand for repairs, should I claim it on my insurance?
So far the answers/anecdotes I've heard from people are all over the place. Some say it's not worth it to claim anything below ten grand. Others say claim if it's above your deductible (as low as $250!). I've heard of the "three strikes" rule and about the national databases that count even queries against you. It all sounds like a nightmare.
I want to be able to draw some sort of line. Should I claim if it's above a thousand? Five thousand? Ten thousand? Personal anecdotes, especially if they deal with life post-similar-sized claim, are welcome.
If it matters: I live in North Carolina and can pay cash for the repairs (though dropping two grand is wince-worthy).