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You will continue to pay insurance premium to renew the policy,irrespective of the claim to be submitted after truck accident.

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โˆ™ 2013-04-11 17:46:11
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Q: How long pay insurance premium to Insurance Company after truck accident?
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Just what exactly is auto insurance?

Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy.


What is the title of a person in an insurance company who calculates the premium?

An Actuary is the person in an insurance company who calculates the premium


Will your insurance premium go up if you are not at fault in Michigan?

Usually if an accident is determined not to be the insured's fault, then their insurance rates will not rise as the insurance company did not lose any money from covering the driver involved in the accident. If the accident is determined as being inconclusive, the rates may rise some, to adjust for the amount of money the insurance company lost in the accident.


Difference between a deductible and a premium?

A premium is the amount of money you pay the auto/health insurance company monthly, quarterly, or biannually whether or not you get in an accident or go to the hospital. The higher your premium the lower your deductible, and the lower your premium the higher your deductible. A deductible is the amount of money after you get in a car accident or visit the hospital before your insurance company pays anything. After you have met your deductible the insurance company covers the rest of the expenses.


If you are involved in an accident and Applied Claims Insurance Company is paying 1800 how much will your premium go up at renewal?

This depaends on the fault of the accident. There is no way to tell the answere to this question as there are many factors involving this. Is this the 1st accident, state, insurance company.....


What companies in Ohio offer car insurance for bad drivers?

You can get a free quote for you car insurance from safeauto.com. Simply select your state and fill out the application. If you have had a car accident before, or you are likely to have an accident, your premium may be higher, so you might want to choose an insurance company with a lower premium.


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Can an insurance company charge inflation rates?

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What do you call the payment of the insurance company?

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What can you do if you were ticketed in an accident and found not guilty in court but your insurance company had already paid the other driver's claim and increased your premium?

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