We have renters insurance through liberty mutual and I had an important gear back stolen out of my car in our apartment parking garage worth upwards of 2,000$ worth of gear and important documents. The logical thing to do here is to file a claim, but I also had my bike stolen from my apartment bike storage towards the end of last year, and insurance was able to reimburse me almost the whole value of the bike which is almost 3,000 dollars. Will having two high value claims in less than a year cause our rates to go up dramatically or the insurance company to drop us? The monthly premium is less than 30$ so I can’t imagine it going up to something ridiculous, I’ve had issues with filing too many claims with auto insurance before and the insurance company either almost doubling their rates or choosing not to cover us anymore.

    How does having multiple renters insurance claims affect your monthly rate?
    byu/HouseKumquat inInsurance



    Posted by HouseKumquat

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