Risk Factors

Claims History

A record of insurance claims you have filed, which insurers use to assess your risk level.

Your claims history affects insurance availability and pricing. Multiple claims, especially in recent years, can lead to higher premiums or nonrenewal.

Related Terms

Nonrenewal

An insurance company's decision not to continue a policy when it expires, typically due to increased risk or claims history.

Underwriting

The process insurance companies use to evaluate risk and determine whether to provide coverage and at what price.

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