A question most of us will have to consider sooner or later: To file a claim, or not to file a claim?
Whether it’s your home, car, or boat in Amityville, NY, someday you’re going to be looking at a repair bill, and you’re going to be wondering whether it’s worth calling your insurance agent, or if you should just go ahead and cover it out of pocket. Here are a few things to consider:
- Are the damages covered? It’s worth reading through your policy to see if the damages are included in the first place so that you can save yourself some calculating and decision-making. Call your insurer with any questions and see if you’re covered.
- Can you comfortably afford to pay for the damages yourself? By comfortably afford what we mean is that it’s not going to be that big a deal to you to pay for some repairs to the hull or the engine. If you have to dip into the retirement account, sure, you can technically afford the repairs, but not comfortably, and that’s what insurance is here for.
- Does it outweigh your deductible? If your deductible is going to be bigger than the check your insurer cuts you, it’s not worth the effort. If the repairs are bigger than your deductible, but not by much, then, again, you might want to go out of pocket. There’s no sense bumping your premiums to save ten dollars.
- When was the last time you filed? Insurers who see you filing twice a year will see you as high risk and raise your rates or even drop you.
If your math checks out and you’re covered, go ahead and file. If you’re still shopping for boat insurance in Amityville, NY, call The Budde Agency Inc. The Budde Agency Inc. can connect you to the coverage you need.