Cancelling a claim
by J
I was in a minor accident,I called my insurance company to let them know that an accident has occurred. I explained the situation to them and they told me I was at fault. The damages were only on my vehicle and there were no damages to the other vehicle that hit me. If I decide to cancel my claim will my insurance rates still go up just for notifying them of this accident? Also if I decide to put this claim through does the amount that was paid on my vehicle to get it fixed factor into how much my rate will go up? For instance if $2000 was paid out on my vehicle to get fixed as opposed to say $3000 will the amount that my rate goes up be lesser because it cost less to fix? Withdrawing a ClaimHi J, Your claim can't be canceled now. It will be recorded and counted against your insurance history. The size of the claim will have no impact on your future rates. Sorry to hear that someone hit you and you are deemed at fault. That's frustrating. Other Pages of Interest car insurance in Ontario Canada Car Insurance Canada Car Insurance Quote Canada Auto Insurance Questions Or Ask another question at Ontario Auto Insurance Questions and Answers Note: Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility. Make sure you review the "please read" page. |