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does filing an insurance claim affect your future premiums

Filing an insurance claim can indeed affect your future premiums. Insurers often view claims as indicators of risk, potentially leading to higher rates. It's crucial to weigh the cost of minor repairs against the potential premium increase.

Does Filing an Insurance Claim Increase Your Premium

Filing an insurance claim can increase your premium, as insurers often view claims as indicators of risk. While not every claim results in a premium hike, frequent or high-cost claims are more likely to affect your rates.

Why Life Insurance Premiums Increase with Age

Life insurance premiums rise with age due to increased health risks and shorter life expectancy. As individuals age, the likelihood of health issues and mortality increases, prompting insurers to adjust premiums to cover potential payouts.

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