Depends. If you have a spotless record, more than likely you will have the credits (discounts) from your policy removed. The policy doesn't really go up, you just loose your "Percentage Off the Retail".
Don't be fooled-- in other words, "yes." If you're used to paying [x], and now you're paying [x+100], then YES you're paying more. Credits are the agents' ways of giving you a discount for good behavior, but they do not continue giving those credits when you have an accident.
Your "Renter's Insurance" should be the one paying the claim. It is your responsibility as a tenant to report any property damage to the landlord, and at the same time it should have been reported to your insurance carrier. If, per chance, one does not have renters insurance (which escapes all understanding why one wouldn't have this) then the tenant is responsible for all damages above what is considered normal wear and tear.
Adding onto the home will not make you rate increase by itself. However, you probably will have to increase the amount of coverage you have to reflect the increase in replacement cost. I would suggest that you contact your insurance agent and explain that you have added onto the home and ask them to see if you have enough coverage. If you do not have coverage equal to a certain percentage of the replacement cost you can be penalized on any claim in the future. This depends on what type of homeowner's policy you have and how much coverage you have. This is not something you want to find out after a kitchen fire.
Treatment of goods lost by fire etc. and insurance claim thereof :--Goods worth Rs. 10,000 lost by fire. Insurance claim is yet to be received for Rs. 6000.In this circumstance, goods worth Rs.10,000 (which is lost by fire) is to be credited in trading account separately ( not to be clubbed with closing stock).Then since Rs.6000/- is to be received by insurance claim. (so we are not received ,we have to receive)so this should be posted at asset side of the balance sheetRs.4000/- to be debited in profit loss account.(Because its a loss)
Or nothing at all. You owned the house at the time of the fire. It was YOUR property that was damaged, and you owned fire insurance to cover yourself against a loss from fire. When you sold your fire-damaged home, you took a hit on the sale price: you didn't get as much as you would have had the house been perfect. You are entitled to whatever the claim adjuster estimated the cost of the repair would be.
Insurance policies may be categorized into 2 sectors:- Life Insurance and General Insurance. In life insurance, claims arise during maturity and death, when the Insurance Cos are to make payment. In General insurance falls medical insurance, fire & burglary, Professional indemnity,car insurance, Householders policy,shop keepers policy and so on. In medical insurance, when a person is hospitalized for treatment of illness/disease and stay for minimum 24 hours, either he can avail cash less system or claim under reimbursement. In the rest policies, when a fire or burglary occurs or so on, the claim has to be established with proper documentation supported by surveyor's report for consideration of the claim by Insurance Company, where they are policy bound to make payment.
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