Submit Your Request for Insurance Claim
You might have wondered whenever you have had an accident that How Does Accident Affect Insurance rates whenever you will have to pay for it for the next time. You would have definitly thought that what amount of premium would have been raised fot the next annual year?
If you have had an accident, and you submit your request for the approval of the claim of the insurance to the insurance office after having a severe or mild accident, could affect the rates that you will have to pay for the next time you get your insurance policy renewed.if you have more than one accident [say many accidents] in a certain period of time,and very often you request for insurance claims, then it will surely affect your insurance policy and would tend to raise the premium rates.
The next thing which is highly considered by the insurance company is the fault. Any accident that takes place is seen from the perception an insurer, and he checks whether the accident was your fault or the accident was not your fault.an enquiry is done for the acciden that took place and the person at fault is een traced. The whole accident story is reviewed by the insurance company officials. And after that only it will be decided that whether you were at fault or not
If it was your fault and you submit your request for insurance claim, then you may see the inflation in insurance rates of your policy. However, if itís been proved that it was not your fault then it would not affect your policy.
If after meeting with an accident your vehicle is totally damaged and you demand for wealthy monetary claims from the insurance company then your insurance pemium rates can increase. While paying for a claim, any insurer will surely want to save some of the money that they will put on your vehicle as insurance claim. As a result of which they will increase the rates of your annual premiums that you will have to pay in order to get insurance claim for your automobile.
†Whenever you make a claim after meeting with an accident, this can also affect any discounts applicable on your automobile that might have been applicable on your automobile by the insurance company. Some insurance companies also offer a special decreased premium rates to the customers who donít request to take any claim for their automobile for many years.
Source: Free Articles from ArticlesFactory.com
ABOUT THE AUTHOR
http://www.onlineautoinsurance.com is a leading auto insurance in Maine source. Click for more information on cheap auto insurance and other informative topics.