Does an increase in your home insurance policy deter you from making a claim? It’s one of the most common concerns homeowners have after property damage. At Claims Assist, we believe you shouldn’t let the fear of a small renewal hike prevent you from receiving thousands in a fair settlement.
Below, we answer the most frequently asked questions regarding insurance renewals, no-claims bonuses, and whether making a claim is worth it.
Is the Premium Increase Relative to the Claim Payout?
A common myth we hear from clients is that the size of your insurance payout directly determines the size of your premium increase. For example, many believe a €10,000 settlement results in a significantly higher increase than a €1,000 settlement.
In a word: No.
The amount you receive in your settlement is not reflected in your renewal costs. Whether your claim is €5,000 or €50,000, the impact on your premium is generally the same because the increase is triggered by the fact that a claim occurred, which affects your No Claims Bonus (NCB) status.
Will I Lose My No Claims Bonus?
This depends entirely on your specific insurance provider and the type of policy you hold. Different companies offer different “protection” levels:
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Stepback Bonus Protection: If you have built up a 5-year No Claims Bonus and have “stepback” protection, you won’t lose the full discount. Usually, only two or three years are removed, allowing you to keep a partial discount.
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AXA Home Insurance: AXA often provides the opportunity to rebuild your NCB quickly. For example, you may be entitled to 10% off after year one, 15% after year two, and 30% after year three following a claim.
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FBD Home Insurance: FBD typically offers “stepback” protection if your current no-claims discount is above 35%.
Is It Worth Making a Home Insurance Claim?
In conclusion, the short answer is: Ask the experts.
What a homeowner might deem a “small leak” or a “minor patch of damp” can often hide thousands of euros worth of structural damage. If your insurance renewal increases by €50 or €100, but you receive a settlement of €5,000 to properly repair your home, the math is clear.
It takes a lot of fifty-euro notes to pay for €5,000 worth of property damage.
Need Expert Advice on Your Insurance Claim?
Don’t guess when it comes to your property. Before you call your insurance company, call us. We ensure you get the full settlement you are entitled to under your policy.
Contact a Loss Assessor in Ireland
Call Claims Assist – Insurance Loss Assessors today: 0818 929 555
Last Updated: January 2026.