It's one of the most asked questions. When it comes to homeowner’s insurance, you pay your premium in the event something happens to your home. Your mortgage company has a financial interest in your home as well. If you have documented damage, it’s the insurance companies’ responsibility to restore the home back to its original state without raising your premium or flagging your account. Now, if your neighborhood has been affected by a recent storm and many claims have been opened, then it’s possible the insurance will “blanket” the neighborhood and everyone’s premium will go up slightly.