UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: NoIDAtAll Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 17921  
Subject: Re: Well, it figures :) Date: 12/9/2013 11:37 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
is this the sort of thing that causes rates to jump?

------

Two weeks later, a branch falls from a tree while I'm driving down the road. Small branch, fortunately, no one was hurt.

In all sincerity, if that is what happened, and you don't have "1st accident forgiveness" or "payment threshold forgiveness" that will be considered a chargeable accident, the same as if you strike a pothole in the street. If so, you're, on average, looking at around a 20% increase in premiums on the insured vehicle's premium the next 3 years, and more than double that, if you should claim another chargeable accident during the 3-yr experience period...

That is a, pretty bad, close to worse case scenario, but I have seen it happen.

Generally, I pay stuff I can afford out of my pocket, keep the lowest rates I can, carry the highest Liability coverage I can afford and use insurance for really serious claims - like the 3 minor pedestrians I've struck in 2 accidents I couldn't have avoided, but, in them, learned that, when you strike a minor, Jesus can be at fault, but you're still at fault Their parents/guardians can sue you every year until they reach majority, then they get 2 years to sue you in their own right, as that is the first time that they reach legal capacity to sue.

Hail/wind storms are "Acts of God" - Striking an object while you're driving is another matter. Even though you may only be charged with, more, or less, than 50% negligence, you still *can* be surcharged, or lose an "Accident/Claim Free" discount for the incident, if it's claimed.

FWIW,

Bob
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement