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A few years ago, I had my homeowner's insurance canceled because a thunderstorm caused significant damage to my home. They cited the reason being that the insurance should only be used for a "catastrophic" loss. I attempted to obtain another policy with a different underwriter, but was turned down by all agents because of the claim on my record. I finally found an agent willing to take me as a client. He said couldn't understand why my former policy was canceled or why nobody else would take me since it was a "soft" claim. Then what's the purpose of having insurance? What is a "soft" claim? I just wanted to know some guidelines about filing claims like what should be the diving line in dollar loss between not filing and filing (i.e. what constitutes "catastrophic?") Any advice? Thanks in advance.
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