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Read this if you have had a recent Fire or Liability claim.

tony • October 2, 2020

Did you know there two types of home insurance claims that can stay on your record for longer than the typical 3-5 year timeframe.  These two types of home insurance claims are fire claims and liability claims. 

Home insurance claims are generally classified into two categories – claims associated with the home and claims associated with the person.  By default, fire and liability claims are typically associated with the person and not the home.  Therefore, an insurance company will generally want to see an extended time-period before offering coverage to an individual who has experienced one of these two types of claims to ensure there isn’t a pattern of claim activity developing.

Some insurance companies even go so far as rendering a scenario ineligible for coverage if the applicant has ever experienced such a loss.  Other insurance companies require a five-year timeframe to have passed since the loss.  Still other companies will ask to see documentation from the loss before determining eligibility.  This is why it’s important to keep good records if you ever experience a fire or liability claim and secure these records in a safe place for easy future access.

If you have a previous fire claim, insurance companies will typically want to see the fire marshal’s report at a minimum to ensure that the fire wasn’t arson and to ensure that the fire wasn’t started due to negligence such as an unattended grill stove or fryer, or because the use of a space heater, or through the misuse of a fireplace to name a few.

If you have a prior liability claim, the insurance company will want to see the loss report from the prior carrier, at a minimum, to determine if the cause of the liability claim is still present and to determine if efforts have been made to ensure these scenarios have been mitigated moving forward.  For example, is the dog that bit somebody still in the home, is the trampoline that somebody was inured on still in the yard.

Keeping good fire and liability claim records can mean the difference between having competitive insurance offers in the future and not.

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