Ventura homeowners, watch out for these costly claim events.

As a homeowner, you probably understand that filing a claim will result in your homeowners insurance in Ventura, California, becoming more expensive.  However, what many homeowners do not know is that certain types of claims will actually cause their rates to increase more drastically than others.  Here is a ranking of the most expensive homeowners insurance claims.

1) Fire Claim

  • Average Premium Increase in Dollars: $273
  • Average Premium Increase in Percentage: 20%

(After 2 Claims)

  • Average Premium Increase in Dollars: $577
  • Average Premium Increase in Percentage: 44%

2) Liability Claim

  • Average Premium Increase in Dollars: $260
  • Average Premium Increase in Percentage: 19%

(After 2 Claims)

  • Average Premium Increase in Dollars: $521
  • Average Premium Increase in Percentage: 39%

3) Theft Claim

  • Average Premium Increase in Dollars: $253
  • Average Premium Increase in Percentage: 19%

(After 2 Claims)

  • Average Premium Increase in Dollars: $502
  • Average Premium Increase in Percentage: 38%

4) Water Damage Claim

  • Average Premium Increase in Dollars: $228
  • Average Premium Increase in Percentage: 16%

(After 2 Claims)

  • Average Premium Increase in Dollars: $433
  • Average Premium Increase in Percentage: 33%

5) Weather Claim

  • Average Premium Increase in Dollars: $107
  • Average Premium Increase in Percentage: 8%

(After 2 Claims)

  • Average Premium Increase in Dollars: $194
  • Average Premium Increase in Percentage: 16%

6) Personal Injury/Medical Claim

  • Average Premium Increase in Dollars: $76
  • Average Premium Increase in Percentage: 6%

(After 2 Claims)

  • Average Premium Increase in Dollars: $146
  • Average Premium Increase in Percentage: 13%

Watch out for these expensive home insurance claims.  Do you have further questions about your homeowners insurance in Ventura, California?  If so, then contact the experts at John E. Peakes Insurance Agency.  We are ready to assist you with all your homeowners insurance needs today.

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