Real Estate Investment – Home Insurance – is it like car insurance where a Claim can affect premium?
Hi, is it similar to car insurance where every claim can negatively affect your premium/insurance cost at renewal? Also, is it true after 3 claims the insurance company can decide not to insure more properties for you anymore, discontinue your insurance or something? As a landlord, I have a small leakage from the ceiling of one of the rental units. Should i involve the insurance company OR as long as it is less than say $ 1000 just fix it myself (meaning pay a professional to fix it without involving insurance)?? THANKS.
Thank You Guys for the advice!