A Home Insurance Claim: To File Or Not To File Insurance is meant to protect you against financial loss. But is it really meant to protect you from any and all financial loss? When it comes to filing a loss claim on your home insurance, there may be times when not filing may be the wisest course of action.1 According to one study, the national average premium increase after filing a homeowners insurance claim is 9%, although this number varies depending on your specific location.2 What About My Premium? Some insurance companies may protect you against premium increases. However, if filing a claim means your premium will rise, you may need to decide whether it makes sense to do it. It may not pay to file a claim if: The claim amount is small. Your policy will have a deductible, so even claims of $1,000 to $2,000 may not have a favorable long-term cost benefit. You're not covered for a loss. Read your policy first to determine coverage. The simple act of filing a claim (ev