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How will an at-fault accident while driving a company car covered by corporate insurance affect your personal insurance premiums in the future?
Wiki User
∙ 8y ago
Unfortunately, IF and that is IF your personal policy insurer finds out, if they do a yearly check, their may be a surcharge applied. Please remember that if ever confronted with that question from your insurer, always be truthful or they could cut you. I am a Broker
Wiki User
∙ 8y ago
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Does a motor accident claim drive up one's insurance premiums?
A motor accident claim will make one's insurance premiums go up. Most insurance companies will do this at the time of renewal though.
Do fixed car insurance premiums ever increase?
If you were involved in an accident that was your fault, regardless of the terms of your insurance, your premiums will go up. You insurance agent can give you more details.
How long does an insurance company bill you for an accident on your insurance policy?
Generally your premiums are increased for 5-7 years.
Can anybody dirve my vehicle without being on my insurance policy?
Yes, if they have insurance and get into an accident, then their insurance will cover them. If they do not have insurance, then your insurance will cover them but your premiums may go up.
How much does insurance premiums rise after an accident involving a 16 year old driver?
About 300 dollars depending on how severe the accident was.
What Is Premium Diversion?
Premium diversion is the embezzlement of insurance premiums. It is the most common type of insurance fraud. Generally, an insurance agent fails to send premiums to the underwriter and instead keeps the money for personal use.
How big is the accident and health insurance industry?
More than 1,000 companies provided accident and health insurance in the United States in the early 2000s, writing roughly $96 billion in premiums.
Are taxes taken out of life insurance?
Personal life insurance proceeds are generally paid out free of income taxes as long as the premiums were paid with after-tax dollars. But if a business paid the premiums and deducted the premiums as an operating expense, then the life insurance proceeds would be taxable to the beneficiary.
Can employer cancel your health insurance if you got behind on your premiums while you were on FMLA?
Unless you have some chronic disease , accident or sudden emergency you cannot file for health insurance benefits. You can get it done, and will have to submit all the premiums.
How do you get auto insurance for accident prone drivers?
You get auto insurance for accident prone drivers the same way as normal drivers. You will need to provide relevant car details and your driving history information and then receive insurance policy quotes. Insurance premiums for accident prone drivers are generally much higher.
Who is entitled to insurance proceeds between tenant and landlord?
That depends on the type of insurance policy it is. If it's the landlord's policy on his building, with him paying the premiums, then the insurance benefits go to him. For the insurance money to go to you, then you would have had to have taken out renters insurance, with you paying the premiums, insuring the contents (your personal belongings).
What is PIP insurance exactly?
PIP means personal injury protection and it is classed as no-fault insurance. This is because it will pay out regardless of who is at fault and will not increase your insurance premiums.
