How much of an effect does making claims on house insurance have to premuim?

jchannon

I have never made any claims on my house insurance until last year. It was a claim for £500.

When the renewal came around I dont think there was much of a difference.

I have now managed to break my camera, worth £200. If I make another claim will this put up my premium and end up costing me more than £200 in the long run and therefore should I just stick £200 on a credit card?

Thanks

kingstreet

Don't forget you have an excess to pay as well. How would that impact on your decision?

Final thing, we've seen a few posts on here where cover has been withdrawn at renewal for those who make three claims in a short period of time.

jchannon

I think my excess is £60

This will only be my second claim.

I'm thinking it'll probably easier to pay out myself, seems stupid though seeing as I pay a premium for these types of accidents

kingstreet

jchannon wrote: »

I think my excess is £60

This will only be my second claim.

I'm thinking it'll probably easier to pay out myself, seems stupid though seeing as I pay a premium for these types of accidents

It isn't fair that legitimate claims result in insurance being withdrawn but that's what we've seen. I imagine the concern is over multiple fraudulent claims and the insurer saying enough is enough.

It is only your second claim and I mentioned the withdrawal issue as an aside, rather than a direct suggestion to not claim. Hopefully there will be other suggestions during the course of the day and I kicked off with the doom and gloom!