2006-10-02 09:35:40 · 8 answers · asked by Anonymous in Cars & Transportation ➔ Insurance & Registration
What if the offense was done before the contract was signed, meaning it wasn't reported by DMV yet which could have affected the premiums?
2006-10-02 09:38:40 · update #1
Whenever they find out about the violation or charge, they can take action. If you didn't have it on your record when you got the policy, then you had your policy bound with a premium commensurate with your risk. So then, after wards, this ticket, or whatever, shows up and they do a check of your record and find it. They will change the rate to be consistent with your risk. Tough luck, but it's all acceptable.
They can also choose to non-renew your policy if the infraction is so bad that they would not have insured you in the first place.
2006-10-02 14:16:09 · answer #1 · answered by Chris 5 · 1⤊ 0⤋
The only time an ins company can increase premiums mid-contract if there are changes made to the policy.
If you purchased a diffrent car,
had an accident or traffic violation,
added an additional driver,
or you changed your limits or deductible.
If you just got the policy and haven't begun paying premiums yet, and they changed the price on you,
you can call and cancell the policy,
just make sure you have another one lined up.
2006-10-04 10:43:38 · answer #2 · answered by msdagney 4 · 0⤊ 0⤋
If you did not provide the information at the time of purchase, but the information shows up on your MVR (motor vehicle report), it SHOULD affect the premium offered to you. I would (politely) inquire as to why. There can be other reasons (requested information that were original qualifiers not provided is a BIG one) that your premium might have increased without there being a change initiated by you. Any problem you have CAN be resolved, although, if it is due to some inaction on your part, please do not expect miracles as the insurance industry is HIGHLY regulated and monitored.
2006-10-04 23:55:09 · answer #3 · answered by purplepinkanddots 3 · 0⤊ 0⤋
Actually, most insurance companies will quote you a premium, but somewhere in the contract it will be "dependent on your history of infractions". The reason is they want to get you signed quickly, and many times have not completed their research when they quote you. If the infraction puts you into a higher risk category, they can and will raise your premiums.
2006-10-02 09:44:47 · answer #4 · answered by Jenyfer C 5 · 0⤊ 0⤋
You committed insurance fraud by not reporting the incident prior to signing up for your auto policy. Damages caused during the policy period will not result in an increase until renewal, but this is different. They are well within the law to re-assess your risk and charge you appropriately. You are lucky if they don't non-renew your policy at renewal time for material misrepresentation.
2006-10-03 15:15:55 · answer #5 · answered by Pieandchips 3 · 0⤊ 0⤋
If you left out information that would have affected their rates, absolutely they can raise premiums. Consider yourself lucky you didn't get a "We are dropping you" letter.
2006-10-05 23:03:05 · answer #6 · answered by oklatom 7 · 0⤊ 0⤋
I don't think so. You have a contract with them. They do, however, have the choice to drop you or increase your premiums after your policy has expired.
2006-10-02 09:41:53 · answer #7 · answered by joy.stetina 2 · 0⤊ 1⤋
Yes,that is if you changed any thing on the policy.
2006-10-05 08:21:58 · answer #8 · answered by George K 6 · 0⤊ 0⤋