Only 17 percent of Americans are aware that insurance companies can penalize homeowners for prior owners’ claims, according to an insuranceQuotes.com report.
Denied claims can cause car and homeowner’s insurance rates to rise, too. This is also true of potential claims that were never filed but were discussed with an insurance agent. The survey shows that 84 percent of Americans think this practice is unfair.
On average, car insurance premiums increase 38 percent after a claim and homeowner's insurance premiums increase 9 percent.