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How many accidents does it take for an insurance company to drop you?
Wiki User
∙ 14y ago
If your insurer can demonstrate that you present a substantially different risk than that to which they originally agreed, they can cancel your policy. There is no 'magic' number.
Wiki User
∙ 14y ago
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Which insurance company pays for auto accident settlement?
all do. however, if you get to many accidents they can drop you. If you are looking to be insured, ask the insurer, they will tell what they will allow and what they don't.
How many auto accidents can a person have before their auto policy is cancelled?
It depends. Usually an insurance company will drop you if they find out that some kind of fraud is incolved in a certain claim. However, they can drop you because of claim history, or too many accidents within a certain time frame. In essence, if they feel it would cost them more to insure you than you would pay them in premiums, they can drop you. However, they must have good and valid reasons to drop you in accordance to state insurance laws.
Car insurance criteria for cancels due to accidents?
A car insurance company can cancel your policy for many reasons and they are not obligated to provide you with insurance. Different companies have different criteria for cancellation of a policy due to accidents.
How many car accidents in the uk each year?
Impossible to answer - not all car accidents need to be reported. Minor bumps (for example - backing into a wall) would be a matter for the driver's insurance company.
Is it lawful for ins co to charge you for points that is not on drivers license?
Yes. Insurance companies don't just go off your drivers license record. They also check several other insurance company data bases because many accidents are not reported to the police. If an accident claim was filed the Insurance company who handled the claim will have it in their database as well.
Should I pay for my kid's insurance?
No, you should make your teenager pay his or her own insurance if they get into quite a few accidents. Making them pay it on their own will hopefully make them learn to be more responsible and also drive better once they realize how high the insurance can be from getting into so many accidents even if the accidents aren't their fault.
How much is high risk auto insurance?
There is no such thing as high risk auto insurance. You will not find a company anywhere that sells it either. There are insurance companies that will sell insurance to people with tickets and accidents and there are companies that will not sell insurance to people with many tickets or accidents. Some companies sell to anyone but just charge more for if you have tickets and accidents or a record of not keeping continuous insurance coverage. My recommendation is to find an Independent Insurance Agent that represents numerous companies, be honest with them, and let them find you the best rate and coverage you desire on your insurance. For full disclosure, I own and operate a small Independent Insurance Agency and have for the past 22 years. I also worked for a direct writer for the 3 years before that.
How many car accidents occur each day in the US?
That is impossible to answer accurately because so many auto accidents go unreported to either police or insurance companies.
Can an insurance company declare fault in oposition to the police?
Yes they can, in fact they are the sole determinate of fault when a claim occurs. In most cases police never witness accidents and can only describe what happened. But of course, many insurance companies take extreme measures to avoid paying their customer's claims. If you have evidence to the contrary you can pursue your claim against the insurance company and report it to your state insurance commissioner.
Is there a database where you can search for lawyers who specialize in car accidents in Chicago?
Yes, its called the yellow pages. There are many ads for lawyers that specialize in suing other people or an insurance company in the event of an accident. Many offer free consultations.
Is peerless insurance a reliable insurance company?
Yes, Peerless Insurance seems to be a reliable insurance company and not one of the many insurance scams that plagues the insurance scene. Good luck!
What is the reasons for one to join insurance company?
I assume you mean the reason to purchase insurance. The reason is to spread the risk. For instance with life insurance, everyone will die, you just don't know when you will die. The insurane company takes a very large group of persons and by using the law of large numbers it can pretty much tell you when you will die on average. They also know how much they will pay out at your death by how much coverage you purchase. With auto insurance it is more difficult because they do not know how many times you will have accidents nor how much damage you will do when you have an accidents. But by using large numbers of people and averages they can again figure it out rather closely. Actually most of the time the insurance company looses money on the pure insurance but hopes to have a gain through investing the premiums paid to the company while they are holding it.
