Clients often ask, “How will this auto insurance claim impact my insurance premium?” Your concern is a valid one, and I want you to know that as an independent insurance agent, you have options.
There are many types of auto insurance claims. They range from small ones like “Roadside Assistance” all the way to “Bodily Injury Liability”. Most insurance companies increase your premium if you have a chargeable claim (where you are are considered “at-fault), and the damage goes above their threshold. Some companies will forgive this surcharge if you have been insured with them 3 to 6 years.
One of the popular endorsements that many insurance companies now offer is designed to give you peace of mind concerning turning in an auto insurance claim.
This coverage has different names depending on your company. It is accident forgiveness and minor violation forgiveness coverage. This endorsement protects you from an increase in your auto insurance due to a chargeable accident and/or a minor violation. Typically this is based on a three-year term.
Check your coverage to see if you have this coverage, or feel free to call me at 507-226-8121 or email me at [email protected] for a review.
DeKok Insurance Group, Inc.
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