One of the biggest concerns that many people have regarding their insurance situation is what happens if they file a claim. While you purchase an insurance policy so that you are protected in case of an accident, you do not look forward to the day you have to file a claim. Learn about more about what happens when you deal with this situation, just in case you are faced with it in the future.
When you have an accident, the first thing you need to do after you are safe is to contact your independent agent or the customer service line with the company. Make sure you provide the agent with all of the information about the accident. If you are able to take photographs, or you have a police report, this will help too.
After the claim goes through, you will either have your car repaired, or you will receive money from the insurance company. This is where things get complicated. You are probably wondering if your premiums will increase after the fact. Well, the answer to this question is not at all simple. If the accident was your fault, then you quite likely may face an increase in premiums.
However, there are other considerations too. Some policies have a stipulation in place called accident forgiveness. Accident forgiveness can save you money in the long run if you wind up getting into an accident. If your policy has accident forgiveness, you will not face an increase in premiums after an accident.
Before you get into an accident, talking to your independent agent , either by phone or by visiting the office in Laurel, Maryland, will help you understand what situation you may face in case of an accident. A bit of preparation can make life much easier if you do have to deal with an accident in the future.