Sometimes you save more by not collecting on your insurance

Submitted by a LOZO expert
      no votes yet


Did you know...?
Add this page to a special LOZO bookmarks section for easy one-click access. Login to save these bookmarks to your LOZO account to access from anywhere, otherwise they will be saved on this computer only.
Login now
Save on this computer
The upside of filing an insurance claim is obvious, though keep in mind any deductible on your policy which will limit the payout. The downside is that certain claims, or a certain number of claims, will cause your premium to rise and potentially stay higher for years. This higher premium might wipe out any immediate payout you stand to gain. Weigh the options and ask your insurance agent to help figure out any impact before filing.

A LOZO expert posted this tip.

User Comments