I have been with my

Message

Author

	Add to del.icio.us
	Add to YahooMyWeb
	Add to Simpy
	Add to BlinkList

Posted: Tue Mar 17, 2009 12:54 am Post subject: I have been with my

I have been with my insurance company 20 years. I have a good driving record. Within last 8 months, I had two claims (about 1100 each) that were comprehension collision. I now have a 2k claim. will my insurance be cancelled or affected/

joanie

New member

Joined: 17 Mar 2009
Posts: 1

1.35 Dollars($)

Posted: Tue Mar 17, 2009 6:11 am Post subject:

Well, the company might decide not to renew the policy or you may experience an upward change in the rate. Honestly, it'd depend entirely on the company. Since you were with them for a long time, they can take a lenient towards you but there is no guarantee. The reason of the damage would also affect their decision. But, with all possibilities nothing will happen till the date of renew. If its close I'd suggest that you start searching for another carrier and compare the rates.

jeorge

Senior member

Joined: 07 Oct 2005
Posts: 808

132.58 Dollars($)

Posted: Tue Mar 17, 2009 6:26 am Post subject:

Quote:

I have been with my insurance company 20 years. I have a good driving record. Within last 8 months, I had two claims (about 1100 each) that were comprehension collision. I now have a 2k claim. will my insurance be cancelled or affected/

Tough call, Joanie! I was with my carrier for 10 years when they decided to drop me following an accident. But even if they don't cancel your plan get prepared to experience an escalation on your rates. And, yeah, also forget about the discounts that you have been enjoying so far.

Good luck, friend!
_________________
Register Now to have your Insurance queries solved.

boulevard traders

Guest

Posted: Tue Mar 17, 2009 9:40 am Post subject:

joanie Really a tough decision.If i would have been the person who is in control of the insurance premium from insurance company's point of view, surely i will give a detailed analysis of the previous claims,if everything is as per the "standard deviation" i will not increase the premium.The moment i see any slight deviation from the norm then i will hike the premium........... _________________ www.Parthaconsultancy.info Its my personal website.

amit

Senior member

Joined: 25 Jan 2009
Posts: 366

8.19 Dollars($)

Posted: Tue Mar 17, 2009 10:55 am Post subject: insurance

I would think if you had stayed 'loyal' for so long, and hadn't gotten into any accidents in "years", your Insurance company should understand that accidents DO happen. However, of course, it depends ( I think, anyway..) on the circumstances of the accident and if the accidents were your fault or not.

sdchargersfan

Senior member

Joined: 21 Aug 2007
Posts: 2055

4.70 Dollars($)

Posted: Tue Mar 17, 2009 11:54 am Post subject:

It depends...what 'kind' of comp claims...and what is this newest claim for? _________________ "Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr.