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If you inquired your insurance company about a potential claim could that cause premiums to increase?
No, absolutely NOT. Actually it may! Lets say you called your agent and asked if you should file a claim for a side mirror you accidently broke off. The repair is $200 and well under your $500 deductible. The agent advises you correctly that if you filed a claim you would not get any benefit because it does not exceed your deductible. Here in CA he may be required by law to file an 'Agent Filed Claim'. If the agent is captive (meaning he/she works for one company like Allstate, State Farm, AAA etc as opposed to an independent agent) his fudiciary responsibility is to the insurance company. Failure to do so can actually cost him his license. In this case even though you never filed a claim or received any benefit you will have a claim on the books which could increase your premiums.
What else can I help you with?
What causes insurance premiums to increase?
Increased risk.
Can insurance company increase your premiums retroactive?
No, Insurance Company cannot increase premiums retroactive. It has to declare before hand from which date the increased rate of premium would be operational.
Does getting a ticket for stop sign violation increase insurance premiums?
Yes , All moving violations can cause an increase in your premiums.
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.
What effect will 95mph in a 60mph speed limit have on your insurance?
Your premiums will increase.
How do you find your account new world life insurance company?
I have had the account closed that the premiums were debited from & have not received anything from Farmers in regards to this policy when I inquired prior to the credit union closing.
What life insurance policy allows the premium to increase only for a class of insured?
Term insurance that has no guaranteed premiums. 4lifeguild
Does life insurance amount depreciate as you get older?
No, the amount of life insurance coverage typically remains the same throughout the policy term, as long as premiums are paid. However, the cost of life insurance premiums may increase as you get older.
Is it possible for my escrow payment to increase?
Yes, it is possible for your escrow payment to increase if there are changes in your property taxes or homeowners insurance premiums.
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.
Will your premiums increase with no-fault insurance if someone hits you when your car is parked?
The insurance company has no reason to raise your premium, the situation was completely out of your hands.
Will a parking ticket raise insurance rates?
Generally parking violation will not effect your insurance. These are not considered moving violations and thererfore will not increase the premiums.
