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If you can't identify the vehicle or the driver which hit your car in the parking lot would your insurance cover the damage without increasing your premium?

Updated: 9/11/2023

Wiki User

∙ 9y ago

Best Answer

No, if the insurance company has to pay out anything then they will raise the premium in order to make there money back....

Wiki User

∙ 9y ago

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Q: If you can't identify the vehicle or the driver which hit your car in the parking lot would your insurance cover the damage without increasing your premium?

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Related questions

What type insurance would be used for a return of premium rider?

Increasing term

Will you insurance premium go up if you claim a parking lot hit and run accident and pay 500 deductible and insurance covers 1000?

Yes, most likely, your premium will raise to some degree. If you don't claim it through insurance, there would be no premium hike. Parking lot incidents are almost ALWAYS considered 50/50 fault, sad to say, unless you can PROVE otherwise!

Parking tickets raise insurance premiums?

In General, Non-Moving violations are not assessed points against you by insurers when determining your premium rate.

What does insurance premium mean?

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

Are college athletes provided with premium parking?

No!

What is the journal entry for payments of insurance premium?

debit insurance premium expensecredit cash / bank

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.

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.

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.

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 does ceded insurance premium mean?

What does ceded premium mean

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