My fiancee's car insurance won't go up if i tell the insurance company about damage... will it?

[jemcam]

Originally posted by: iamwiz82

Originally posted by: jemcam

Originally posted by: LolaWiz
IF SHE IS NOT AT FAULT in the accident (she was not even in the car) her insurance will NOT go up.

Have her make the claim depending on what type of collision she has and how much her ded. is.

Not true. It doesn't matter who is at fault. If a collision claim is made, and if the amount of the claim exceeds a certain amount, the insurance company may surcharge. How long have you been in the Insurance business and what do you base this statement on?

It depends on WHAT STATE YOU LIVE IN AND WHAT YOUR POLICY SAYS. The states I have worked in, it can and does cause an increase.

I can't tell you how many vehicles I've seen with damage down the side of the vehicle with lots of yellow paint that is claimed to have been a hit and run.

Yeah, those yellow cars hit a lot of people and take off. Obviously, the insured hit a yellow pole like at McDonalds and they're lying about what happened. Lying doesn't help them in any way, and it's still a collision claim regardless of whether it's a hit and run or not.

Completely different scenario. If the insurance co. investigates it and it's obvious (such as your example) that it was not a hit and run, then your rates will increase.

From Geico's site:

In general, GEICO will not increase your policy premium as the result of an accident for which you are not at-fault. GEICO investigates each claim completely to determine the cause of each accident.

If you are truely not at fault and it's obvious (to the insurance company) your rates won't increase.

A CT laywer, since Phokus is there, according to his profile, that is all that matters: http://www.smith-lawfirm.com/accident.html

If the accident is not your fault, your insurance carrier cannot "rate your policy" for fault. Be aware, however, that you can be rated on a "frequency of claims" basis and therefore even if not your fault, a property damage claim can have rating consequences. Also be aware that the allocation of fault is a business judgment the insurance company makes, sometimes in the context of a negotiated subrogation process. It is very difficult, if not impossible, to contest the carrier's assessment of fault.

So you are wrong, it's not a given that rates will increase because it's a claim.

Sorry, I'm not wrong. PM me if you want to flame war I'm not going to hijack this thread. I promise I have more experience in this than you. I never said it always happens, I said you can be surcharged for a hit and run

PM me if you want to discuss more.

 

[dullard]

Originally posted by: iamwiz82

If the accident is not your fault, your insurance carrier cannot "rate your policy" for fault. Be aware, however, that you can be rated on a "frequency of claims" basis and therefore even if not your fault, a property damage claim can have rating consequences.

The bolded part is all that matters. They can and often will raise your rates even if it isn't your fault. No, they won't ALWAYS raise them. But if you have had any other claim (your fault or not), they will probably raise them.

 

[chambersc]

If you have the insurance deal with it, your rates go up.

If you don't have the insurance deal with it, you rates won't go up (because of this incident.

 

[jemcam]

Originally posted by: iamwiz82

Originally posted by: jemcam

Originally posted by: LolaWiz
IF SHE IS NOT AT FAULT in the accident (she was not even in the car) her insurance will NOT go up.

Have her make the claim depending on what type of collision she has and how much her ded. is.

Not true. It doesn't matter who is at fault. If a collision claim is made, and if the amount of the claim exceeds a certain amount, the insurance company may surcharge. How long have you been in the Insurance business and what do you base this statement on?

It depends on WHAT STATE YOU LIVE IN AND WHAT YOUR POLICY SAYS. The states I have worked in, it can and does cause an increase.

I can't tell you how many vehicles I've seen with damage down the side of the vehicle with lots of yellow paint that is claimed to have been a hit and run.

Yeah, those yellow cars hit a lot of people and take off. Obviously, the insured hit a yellow pole like at McDonalds and they're lying about what happened. Lying doesn't help them in any way, and it's still a collision claim regardless of whether it's a hit and run or not.

Completely different scenario. If the insurance co. investigates it and it's obvious (such as your example) that it was not a hit and run, then your rates will increase.

From Geico's site:

In general, GEICO will not increase your policy premium as the result of an accident for which you are not at-fault. GEICO investigates each claim completely to determine the cause of each accident.

If you are truely not at fault and it's obvious (to the insurance company) your rates won't increase.

A CT laywer, since Phokus is there, according to his profile, that is all that matters: http://www.smith-lawfirm.com/accident.html

If the accident is not your fault, your insurance carrier cannot "rate your policy" for fault. Be aware, however, that you can be rated on a "frequency of claims" basis and therefore even if not your fault, a property damage claim can have rating consequences. Also be aware that the allocation of fault is a business judgment the insurance company makes, sometimes in the context of a negotiated subrogation process. It is very difficult, if not impossible, to contest the carrier's assessment of fault.

So you are wrong, it's not a given that rates will increase because it's a claim.

Your own quote says that Geico can and they take it on a case by case basis. That's Corporate speak. Read between the lines, it doesn't say they wont.

 

[Zorro]

Originally posted by: LolaWiz

Originally posted by: Zorro

Originally posted by: LolaWiz
IF SHE IS NOT AT FAULT in the accident (she was not even in the car) her insurance will NOT go up.

Have her make the claim depending on what type of collision she has and how much her ded. is.

Yes her rates can go up. If she makes a claim and they pay. hit and run is considered a collision claim with a ded. Best bet is don't ask anyone on ATOT and call your agent. If the damage is more then you ded.


end/

I am a bum with no insurance. No credit and No Life will you insure me... ?


so... what do you do for a living?
Me? I am an insurance agent. :roll: