It always seems like a double whammy. After the trauma of an auto accident, insurance premiums escalate. Now, many insurance companies offer “Accident Forgiveness.”
If your insurance policy has an Accident Forgiveness feature, the insurance company agrees not to factor an accident into the calculation of your premiums. It can be offered as part of a standard car insurance policy or as part of an additional endorsement or coverage option. Some insurers offer forgiveness for one accident, whereas others include multiple accidents.
It’s important to understand that there are conditions and limitations. Eligibility will vary by insurer and is usually based on how long you have been insured with company and/or have had a clean driving record. Costs vary by insurer.
If you are a safe driver, Accident Forgiveness can protect you from future premium increases in the event of an accident. Call us for more Info.