to file a claim or not file a claim
I have a property in which the tenant had a "cooking accident" that sent flames up to the ceiling, and burnt a whole into the bedroom above. The work order from my property manager is for $6120.00, and my deductible is $5000.00. I have five houses total with this same insurance company.
I don't know if it has any bearing or not, but this property is owned by my LLC, and I have several other properties in which I have done a title transfer into another LLC.
So the question is, am I better of not filing a claim with the insurance company "Affinity", and paying the total amount out of pocket, or should I file the claim to recoup at least the 1120.00.
I spoke to the insurance company, and they advised me to file a claim, and the agent didn't think it would bump up my premiums at renewal time, but he said another department reviews the claim history so he couldn't make any guarantees.