Policy cancellation for filing claim..

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Author

Posted: Thu Oct 02, 2008 4:21 am Post subject: Policy cancellation for filing claim..

Would an auto insurer cancel my policy once I file a claim? Are there any such circumstances? _________________ Register Now to have your Insurance queries solved.

Purpleheaded08

Guest

Posted: Thu Oct 02, 2008 7:42 am Post subject:

Well, the answer to this question may vary amongst the insurers and may depend on their business policies. Apparently, the first ever claim might not cancel the policy, but there are loads of factors that may influence the decision making, say for instance- your claim history, duration of being insured with the particular insurer, nature of the damages caused by you, extent & severity of the accident and so forth.

jeorge

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Joined: 07 Oct 2005
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Posted: Thu Oct 02, 2008 9:49 am Post subject:

I too share jeorge's view point.... the insurer may not cancel your policy after the first claim. They may not even alter your premium rate. But it entirely depends up on the in-house policies of the insurer. However, you may lose your discount after an accident depending upon Your contribution in the accident: If you have been the party responsible for the damages, the insurance company may decide to remove your discounts. Your claim history: the frequency of filing claims may also affect the fate of your discounted rate. Driving record: your driving record is a very important factor to decide your discounts. Points and citations can affect your rates as well.

RupertWBradson

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Posted: Thu Oct 02, 2008 10:53 am Post subject: just file the claim

If you have geico, the only way they will raise your rates is if you're at fault and they pay out for it. Just file the claim and get it over with. And be nice to that claims person. They want to help you belive it or not. _________________ Register Now to have your Insurance queries solved.

geico claims

Guest

Posted: Thu Oct 02, 2008 11:25 am Post subject:

Really depends on the company, how long you have been insured with them..what are the facts of loss? _________________ "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.

Lori

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Location: Missouri
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Posted: Thu Oct 02, 2008 2:30 pm Post subject:

I have seen claims come through (with my company) that I was sure the person was going to be cancelled - but weren't. Like the other said, it all depends on past history, size of claim, who was at fault, etc. This is why when you have a comprehensive or collision claim you need to get an estimate first on the repairs. If you back into a pole, and it will cost $700.00 to get it fixed - and you have a $500.00 deductible, don't file a claim. You have to pay $500.00 out of your pocket already, what is another $200.00 to avoid having a claim on your policy. _________________ Life moves pretty fast. If you don't stop and look around once in a while, you could miss it. - Ferris Bueller