How Long Do Accidents Affect Insurance For Vehicles?
Many factors contribute to the way that your insurance will deal with an accident
. Asking how long do accidents affect insurance? May thus deliver an intricate answer. Be sure to talk to your broker about this before you buy a policy makes sure you understand before an accident occurs on a current policy.Your policy may see two major changes taking place after any accident. The premium may increase and or the total policy may be cancelled when it expires. No indemnity company carries the same policies, so always check this before doing business.
The time lapse you face will be determined by how long it takes for the police to figure out who was at fault. These results will then be seen and interpreted by your insurer, whom in turn, will react accordingly. Once a decision is made on who may be at fault, your policy will be changed with immediate effect.
Drivers without any accidents on their record do have the advantage of a shorter investigation process. Insurers keep an eye on drivers who report and claim numerous accidents generally during a period of three years. These drivers will face long and intensive investigations after each subsequent accident.
During these times of investigation, your policy may be frozen or inactive, so make sure you have secondary cover should you continue to drive. So far we have only covered accidents where no one was injured. Should some one die or be injured, insurance may be affected quite differently.
The delay factor where injuries are concerned only come to light long after accidents will also have an effect on your policy. Should initial doctor reports show serious injury with long term complications being a possibility, your policy will be adapted to ensure provision is made for these times. In cases such as these your cover and policy may be affected for years to come.
Driving under the influence of alcohol and causing any accident will also see you face serious complications on your policy. Secondary investigations from the police will put a halt to any cover until the entire driving record is properly laid out. Previous convictions may be enough reason for insurers to cancel a policy, retrieve costs from you directly and in the end black list you as client.
When applying for a new policy, your track record from the previous three years will be taken into account when a new policy and premiums are established. Accidents prior to the three year period may not affect this, but in some cases, serious accidents never expire from history listings.
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