The truth of the matter is when you make an insurance claim, on anything, it shows up on a record that is kept. The record can go back for decades if needed.

The insurance companies look at this record to rate "you" according to risk. If you file a claim and do not accept payment for it, the claim still shows on the record. Yes, it is a zero payout claim, but it still shows as a claim.

Unfortunately, this can and sometimes does make your premiums increase.


I still recommend an appraisal, even if the insurance company does not require one. Doesn't it stand to reason that you would want to KNOW the vehicle was insured properly rather than GUESS it is insured properly.

When you have a loss, it is too late then to "check out your options".