Kanetix Forum

Does a property insurance claim follow the owner or the property?

The quick answer is "yes" to both situations. Property insurance claims are searchable by both the individual and the location of the property.

Premiums are based the claims history of the person requesting coverage, and the history of the property. The history of the property is important to an insurer if a problem repeatedly occurs at an address. For example, if a specific property has a history of insurance claims as a result of a sewer backup, the insurer may refuse coverage or charge higher premiums until the cause of the sewer backup has been fixed.

Sean Graham, Principal Broker at KTX Insurance Brokers.

Neither Kanetix® nor the KanetixForum.ca is an insurance broker or agent. Although this information has been passed along to you from KTX Insurance Brokers through the Forum, we are not responsible for the opinions expressed by them. Insurance can be complicated. When reading these answers, keep in mind each person¿s situation is unique. Individual responses may vary depending on your insurer, geographic location, and specific circumstances. If you have a similar situation, always speak with your insurance provider, or a licensed insurance representative, for terms and conditions that may apply to you.