Understanding How Surety Companies OperateWhen you file an insurance claim, every surety company knows about it, no matter what your claim is related to, be it car damage or homeowners. These recording programs are called CLUE and A-PLUS, or Claim Loss Underwriting Exchange and Automated Property Loss Underwriting System. Both keep track of every claim filed in the country.
Unfortunately, the decision about whether to file a claim is rarely so simple. In some cases, making a claim may cause an insurance company to raise your rates. In other instances, the decision to file a claim could put your name into a database that makes it difficult to get or maintain coverage in the future. — Bankrate.comIf you are one of the many consumers unfortunate enough to need to file a claim, what comes next is more than just dealing with some uncaring call center. You’re quite likely not only to experience a substantial wait (read: stall tactic) before your claim is paid, you’ll also be put on the higher-risk list. It’s pretty straightforward, the more claims you file, the bigger a risk you are. People than file even a little as one or two claims over a ten or twenty year period either see their premiums skyrocket or are outright cancelled.