At fault. First time forgiveness insurance
This is my first time, and my insurance policy offers first time accident forgiveness
I am wondering if there is any catch down the road?
I am with Chieftain Insurance
Mar 22nd, 2017 3:48 pm
Mar 22nd, 2017 3:52 pm
Mar 22nd, 2017 3:57 pm
Mar 22nd, 2017 4:07 pm
Mar 22nd, 2017 4:15 pm
Mar 22nd, 2017 4:23 pm
Is this only if you're fully at fault? I switched insurers after an accident that was covered under accident forgiveness, and the new insurer was unable to see that claim history at all. Police deemed no-one at fault, insurance said it was my fault; car was written off, cheque cut for $19K (full replacement value).chroma_cg wrote: ↑Mar 22nd, 2017 4:15 pm^this
your accident record will still be visible to other insurers if you choose to change insurance companies. so while you premium wont increase with your current provider because of this accident, the "catch" will be that you are pretty much locked to them for the next 6+ years since the other companies will give you a hard time if they see your accident record and use that an excuse to jack up your premium.
if you are the type of person who likes to switch providers every year at renewal (to get the lowest rates the market offers), you will likely not have that liberty anymore.
also, the other "catch" that i am aware of is that i believe you still have to continue to pay that "accident forgiveness" portion of your premium with your current provider even after you had your accident. again i am not 100% sure and i can be wrong on this, better check on your policy first. i believe this is the case with mine.
Mar 22nd, 2017 4:56 pm
Mar 22nd, 2017 5:48 pm
Your renewal will fall under whatever month you started your insurance. I pay month to month my renewal is in September in which they review your policy and make any changes to coverage or pricing
Mar 22nd, 2017 6:17 pm
Mar 22nd, 2017 7:03 pm
Mar 22nd, 2017 7:30 pm
Mar 22nd, 2017 8:32 pm
Mar 22nd, 2017 9:03 pm
If your able to contact the other driver and settle it privately then it will not go on your insurance record as a claim.
Mar 22nd, 2017 9:41 pm
You are rated on the number of claims, so a $3k claim is the same as a $100k claim.
Mar 23rd, 2017 3:19 am
Thanks for the great info.Kasakato wrote: ↑Mar 22nd, 2017 9:41 pmYou are rated on the number of claims, so a $3k claim is the same as a $100k claim.
If you settle privately and no claim is filed, it will not have any affect on your insurance. For $1.5-2k, and property damage only, settling privately is not a terrible idea. Of course there is also the option to file a claim and pay out personally under the new insurance rules, up to $2k.
Some collision centers will forward the details to the insurer. It is not clear when or where exactly this happens.