Will You Cancel Me Or Increase My Rates If I Report A Claim?

When you encounter a claim, you may wonder if you should report a claim because you are worried of a rate hike or cancellation. There is no easy answer for this question because these situations are handled on a claim-by-claim basis. There are many factors that determine your status including policy coverage, prior claim history, type of loss and the length of time you have had a policy with Insurtec. There is also the possibility that you would lose any loss-free credits you have accumulated. Although you are required to report all liability claims, property claims are your choice to report and you must weigh these factors to determine whether you will report the claim or not.