Your home insurer can be one ungrateful company. If you insure with them for 10 years and you’ve never come to them with a claim, it won't make any difference to them. Come to them with one single claim to do with a home burglary or tree damage or something, and they'll fall over themselves to raise your rates in about 5 min.
Sometimes, they don't raise your prices. They'll just offer you less coverage for the same price. Usually, even if you've ever filed a claim in your life, they can do this if something happens and you have to file a couple of quick claims one after the other. Basically, what all this goes to show you is that if you find that you're being given something other than the preferred rate, you should ask them why. They just may be able to move you to the preferred category.
If your home happens to be near a river or the sea, you certainly know that your home insurer will have a higher rate in mind to take you on. There isn’t that much that the insurance regulators can do about this. But there's one thing that your home insurer does that really is illegal.
Sometimes, they don't raise your prices. They'll just offer you less coverage for the same price. Usually, even if you've ever filed a claim in your life, they can do this if something happens and you have to file a couple of quick claims one after the other. Basically, what all this goes to show you is that if you find that you're being given something other than the preferred rate, you should ask them why. They just may be able to move you to the preferred category.
If your home happens to be near a river or the sea, you certainly know that your home insurer will have a higher rate in mind to take you on. There isn’t that much that the insurance regulators can do about this. But there's one thing that your home insurer does that really is illegal.