An accident is an extremely stressful thing to deal with, and becomes even more stressful if someone is seriously wounded, and the process of filing an insurance claim is so tiresome that it makes this seem even more upsetting than it might actually be.
Reports say that the average car owner is paying more and more every year to keep their car insured. This is a result of the increasing cost of car insurance, and if you have had a minor accident then you probably think of not filing a claim - especially if someone else is not involved - as you might be afraid of your premiums shooting up. However, you should never forget that insurance is for your protection and safety, and so you must file a complaint as this is financially a smart thing to do.
After you file a claim, several things happen. Someone assigned to your case will talk to you and ascertain what actually happened. The driver of the other vehicle involved in the accident will also be called to confirm their side of the story. They will look at police reports and both cars, before helping you get your car repaired. After the claim has been processed, depending on whether or not you were at fault, your premium could go up or you could completely lose coverage.
Here are various things that you need to know in order to clearly understand the system.
Firstly, the insurance company cannot cancel your policy unless you have not paid the premium, you lied while filling out the insurance application, or your license is revoked or suspended. If a policy has been in effect for more than 60 days, it cannot be cancelled without one of these three things taking place. Insurance companies can, however, choose not to renew a policy once your term with them ends. If you have had several accidents in the last year, your company may decide not to renew your policy.
To prevent this, ensure that you talk to the company you are getting insurance from regarding their policies before signing the policy. You should be aware of their rules for cancellation, so that you are not caught out later. Study the contract you are signing methodically, and make sure you explore companies online to be sure that you are signing with one that gets a high rating in customer satisfaction.
Normally, companies will not drop your policy for a singular accident. As a rule policies are re-signed as it makes economic sense for the company to keep their clients with them. There are very unusual cases where the company makes a decision to withdraw their contract with their clients.
If you were at fault in the accident, then be prepared for your insurance premium to go up the next year when you renew your policy. If you go three years without a claim your rate will be cut, and vice versa.
The information given in this article is sufficient to assist you in deciding whether or not you need to file a claim to your insurance company against an accident or not.
Reports say that the average car owner is paying more and more every year to keep their car insured. This is a result of the increasing cost of car insurance, and if you have had a minor accident then you probably think of not filing a claim - especially if someone else is not involved - as you might be afraid of your premiums shooting up. However, you should never forget that insurance is for your protection and safety, and so you must file a complaint as this is financially a smart thing to do.
After you file a claim, several things happen. Someone assigned to your case will talk to you and ascertain what actually happened. The driver of the other vehicle involved in the accident will also be called to confirm their side of the story. They will look at police reports and both cars, before helping you get your car repaired. After the claim has been processed, depending on whether or not you were at fault, your premium could go up or you could completely lose coverage.
Here are various things that you need to know in order to clearly understand the system.
Firstly, the insurance company cannot cancel your policy unless you have not paid the premium, you lied while filling out the insurance application, or your license is revoked or suspended. If a policy has been in effect for more than 60 days, it cannot be cancelled without one of these three things taking place. Insurance companies can, however, choose not to renew a policy once your term with them ends. If you have had several accidents in the last year, your company may decide not to renew your policy.
To prevent this, ensure that you talk to the company you are getting insurance from regarding their policies before signing the policy. You should be aware of their rules for cancellation, so that you are not caught out later. Study the contract you are signing methodically, and make sure you explore companies online to be sure that you are signing with one that gets a high rating in customer satisfaction.
Normally, companies will not drop your policy for a singular accident. As a rule policies are re-signed as it makes economic sense for the company to keep their clients with them. There are very unusual cases where the company makes a decision to withdraw their contract with their clients.
If you were at fault in the accident, then be prepared for your insurance premium to go up the next year when you renew your policy. If you go three years without a claim your rate will be cut, and vice versa.
The information given in this article is sufficient to assist you in deciding whether or not you need to file a claim to your insurance company against an accident or not.
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