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If you don't want your insurance to go up, don't report it, just fix it yourself and acknowledge that you made a mistake. Insurance fraud will get you and it can be expensive and can result in jail time and a police record.

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โˆ™ 2005-09-12 16:36:27
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Q: When you backed out your car from garrage you hit and the backdoor has to be replaced If you claim insurance does the premium goes high if so can you claim as hit run Are any other tips please?
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Related questions

What is the difference between life insurance premium and non life insurance premium?

An insurance premium is the amount of money paid on a periodic basis for insurance of a given kind. The kind of insurance involved does not alter the definition of the term "premium". Therefore, a life insurance premium is an incremental amount paid for life insurance, and a non-life insurance premium is an incremental amount paid for another kind of insurance.


What is a single premium life insurance?

Single premium life insurance is life insurance coverage in which one premium payment is made and the life insurance policy is fully paid up with no additional life insurance premium payments required.


What does insurance premium mean?

The premium is the cost that you must pay to have the insurance.


Which of these will not cause your insurance premium to be higher?

Having a high deductible will not cause your insurance premium to be higher.


Where can one find premium insurance?

When you are on the hunt for premium insurance, where to look will depend on the type of insurance you need. If you want premium health insurance you should look for companies like United Health or Wellpoint. If you are in the market for premium life insurance you should try companies like American General, or Allstate.


What is premium loading in insurance?

Premium loading is an amount an insurance company adds to the basic premium to cover the expense of securing and maintaining the business.


What is a car insurance premium?

A car insurance premium is the amount of money paid to an insurance company for a 6 month period. It is cheaper to pay the full premium that pay each month.


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


Does insurance premium mean monthly?

No. The premium is the price you pay for the coverage. Depending on your insurance company, the premium may be paid all at once or in payments.


What is gross premium car insurance?

Gross Premium is the Total premium indicated to be charged.


What does ceded insurance premium mean?

What does ceded premium mean


Insurance premium paid in advance Is it a accrued expenses?

No, if Insurance premium is paid in advance then it is a Prepayment - current asset.


What is the journal entry for paid insurance premium?

debit insurance premiumcredit cash / bank


What is the average premium for md car insurance?

In 2009 the average auto insurance premium for residents in Maryland is $2,295.


Where can one find information about premium insurance?

You can find information about premium insurance on insurance provider's websites. Some of these include Geico, Allstate, or Nationwide. On them you can find how to buy the insurance.


What is the journal entry for payments of insurance premium?

debit insurance premium expensecredit cash / bank


How can one obtain premium whole life insurance?

One can obtain premium whole life insurance through their current insurance company. Several companies such as TD Insurance and BMO Insurance, offer great rates.


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.


What is life insurance premium financing used for?

Premium financing involves the lending of funds to a person or company to cover the cost of an insurance premium. Premium finance loans are often provided by third party finance entity known as a Premium Financing Company.


What is loading in insurance?

Premium loading is an amount an insurance company adds to the basic premium to cover the expense of securing and maintaining the business.


What is insurance premium paid in advance called?

Prepayment of the premium before it is due.


Can you purchase life insurance in a lump sum single payment?

Yes, you can. It's called Single Premium Life Insurance. With single premium life insurance coverage one premium payment is made and the life insurance policy is fully paid up with no further premiums required.


How does universal life insurance differ from other forms of life insurance?

Universal life insurance means you will pay the same premium until death, where as with term life insurance you will pay a certain premium for a period of time and then may or not be offered the same premium again for another term.


What is the wrp in insurance sector?

Weighted received premium


What is a payment for insurance called?

A premium