I have a property that had sewer damage that costs me $3300. I have a $1000 deductible for sewer. The property is in Bristol TN close to where Hurricane Helene hit. Luckily, it didn't damage my property.
The way it's going with insurance companies, should I eat the $2300 or put in a claim? I live in California and they are looking for any way they can drop your insurance. I wanted to get your take for the Bristol TN area.
Yeah, this can get kind of tricky. A couple years ago, a Costco delivery man came to my primary residence and my dog bit him. The delivery guy told the local animal control. For some stupid reason, I told our insurance about the incident. They marked it down as a "claim," even though the delivery guy never filed suit, asked for money, or sent a demand letter. The insurance ended up non-renewing our policy because of the "claim," and most other insurers wouldn't cover our home because of the claim.
My takeaway was never to tell the insurance about a loss unless you actually do have a loss.