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| *Loan,banking and credit>>>insurance claims |
Will a repair claim resulting from road debris raise my insurance rates? |
While driving down the thruway, a broken piece of tile flew up and hit my bumper, breaking the corner of it off. Only the bumper cover was damaged, but replacing it and having it painted to match is expensive, over 750 dollars. A non-matched paint job on an aftermarket bumper would still be over 300 dollars. Is it worth it to file a claim for this, and would my insurance rates go up as a result? My driving record is perfectly clean for 4 years (no accidents or tickets), with only a failure to obey a yield sign and minor fender bender 4 1/2 years ago. It depends upon your insurance policy and what kind of coverage you have for damage that is not your fault. When the gate of the parking garage where I live closed on my car as I was exiting, the insurance paid for the damages without my having to pay the deductible. Since I changed carriers before I would have renewed with them, I can't tell you whether my premium would have increased. But you really should call your insurance provider. They can't penalize you for asking a question and will know the rules of the company and your policy better than anyone else. Your rates can only be effected if you actually file a claim. BTW, this type of claim should not effect your driving record because you haven't committed a moving violation - you'd still be eligible for any "good driver" discount they offer. ----------- Yes, it matters. I don't think your rate should increase because of a comprehesive claim. But a collision claim means that they consider you to have been responsible for the damage. It sounds like your insurance company isn't going to cut you any slack even though the damage isn't really your fault. So, if they'd process it as a collision claim, and you'd have to pay the deductible, you should just come out-of-pocket for the damages. In my opinion, it's not worth possibly having to pay a higher insurance rate for the next couple of years, in order to save $250 (the difference between the more expensive repairs and your deductible) right now. Best of luck! Source(s): Check out this site for info about collision vs. comprehensive claims: http://ezinearticles.com/?i-was-in-an-ac... What is your deductible? If your deductible is, say $500, and you submit a $750 claim, is it worth $250 to see your rates go up? I would say not. You should use your insurance for serious or very expensive claims, not small stuff. NO-- call the ins co file claim--see an adjuster get a check How much is your insurance deductible? If the cost of repairs is less than or slightly over your deductible, just pay to fix it yourself and son't involve the insurance company. Let's say you have a $500 deductible, it wouldn't make sense to pay the $500 deductible just to have insurance pay the $250. Every company is different, but technically it shouldn't. This would be considered a COMP claim, which means it was unavodable, or not your fault. Those aren't held against you normally. But if that is all the damage you have it really isn't worth filing a claim over. Hope this helps Insurance agent |
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