The personal property claims are generally not the issue, these are small peanuts compared to the structure. CC receipts are certainly a good idea along with video taping of valuables.
IT IS THE PAYOUTS FOR THE STRUCTURES THAT WILL BE THE ISSUE.
I hope you don’t have a naive trust of the insurance companies.
Take some time and read the bloomberg article at the top of this thread.
By the way, filing a claim will impact your Choicepoint insurance score. Yes, this is score analogous to a FICO score that scores your insurance risk rather than credit risk.
In the past, I’ve always maxed out my Homeowners insurance deductible allowable under lender guidelines. Never file any claim unless it is catastrophic. One claim for stolen golf clubs will likely raise your Choicepoint score and result in higher rates or may result in cancellation of your policy at renewal. You may end up paying for those stolen clubs many times over. Catastrophic claims also result in an increase in your Choicepoint insurance score.
