Will my premiums increase if I file a claim?

Filing a claim with HSBC Insurance could potentially impact your premiums in the future. Generally, when a policyholder files a claim, especially if it results in a payout, it may lead to an increase in premiums upon renewal. Insurance providers like HSBC Insurance assess risk factors when determining premium rates, and a claim can suggest a higher risk level. However, it is important to note that the specifics can vary based on factors such as the type of insurance policy, the nature and frequency of claims, and the overall claims history of the policyholder. In some cases, particularly for minor claims or if they occur in the context of long-standing loyalty with an insurer, an increase in premiums might not be as significant. For the most accurate information regarding how filing a claim could affect premiums on a specific policy, it is advisable to refer to the terms and conditions of the insurance policy or the information provided by HSBC Insurance on their official website.