One property insurance claim can hike your premiums by hundreds

Posted by Bonnie Martin Designated Broker on Monday, October 20th, 2014 at 9:24am.

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money.cnn.com - File just one property claim to your insurer and you can expect to see your premiums soar by hundreds of dollars in some states.

On average, filing a single claim -- for anything ranging from a stolen bicycle to tornado damage -- will result in your monthly premium being raised by 9%, according to a report released by InsuranceQuotes.com. File a second claim and premiums climb by an average of 20%.

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