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Can an insurance company in NJ continue to charge a surcharge for an accident even if insurance points were reduced to 0?
Wiki User
∙ 8y ago
Get proof from the vehicle department and drop it on your broker's desk.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
Will my insurance increase if my car was in an accident but i wasn't the driver. I lent someone my car and they got into an accident in my vehicle.?
If your Insurance company paid the claim then yes they can surcharge you for any chargeable accidents they paid out on your policy.
How long pay insurance premium to Insurance Company after truck accident?
You will continue to pay insurance premium to renew the policy,irrespective of the claim to be submitted after truck accident.
Does every car insurance company surcharge you for a DUI?
Yep
How many points does auto insurance go up after an accident?
Each insurance company uses it's own rating system for an accident surcharge. I am a licensed producer in Missouri, so can only answer for the company I work for and state, and we assess 2 pts for an accident, and 1 pt for a moving violation, which differs from what the Motor vehicle department assesses you with. With my company you could expect a 20% surcharge on a your premium for a 3 year period. So if your 6 month premium was $300.00, you could expect $360.00. After each year with no additional pts, the surcharge would start reducing, until the third year when it fell off. .
Is there still a life insurance company named Citizens Home Insurance company?
Citizens Home insurance Company was a family members company as well. We have an assumption certificate that states the Independent Life and Accident Insurance company in Jacksonville, FL effective September 8, 1981. I have googled the Independent life and Accident Insurance and this is what I have found: In 1997 Independent Life and Accident Insurance company merged to American General Life and Accident as well as Home Beneficial Insurance Company and Gulf Life Insurance Company. American General Life and Accident Insurance Company was acquired by AIG in 2001 You can visit their website at www.aig.com Hope this helps.
Is an insurance company allowed to charge a new customer an additional surcharge on their policy because they were with their last insurance company three years instead of five years?
Yes, however, it is not an actual surcharge. Prior insurance is a rating factor and determines what rating tier you are put into. It can be based on time with the other company, your bodily injury limits with the other company and if you've ever had any lapses in insurance.
Who took over independent life and amp accident insurance company?
who took over independent life and accident insurance company
What is the purpose of the accident plan?
It could be an insurance policy taken out with an insurance company in case of an accident.
Who took over the Independent Life and Accident Insurance Company?
who took over independent life and accident insurance company
How do you find an old insurance company named National Life and Accident Insurance Company?
They have been bought out by American General Life & Accident
How long can an insurance company wait to decide that an accident is surcharge-able?
Usually any increase or decrease in premium due to tickets or accidents will not take effect until the renewal date of the policy. This is standard across the industry.
Do you have to report your insurance company if you had accident and you are not at fault?
No.
