Insurance Claim before transferring business?

MoTown

Registered User
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11
Looking for advice on this.
Family retail business going to be passed to adult children in the next year. (Closed currently due to Covid and age of owners. Not planning to reopen for a few months.)
Suffered considerable water damage in the past few days.

If the parents claim and repair the damage now their next insurance premiums will increase. (Had a previous claim several years ago and the premium went up by a five figure sum)

If they transfer to the children post repairs and the children take out a new policy will the quote ignore previous claims?
 
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