Fredericksburg, VA personal injury lawyer Kathleen Smith explains why you should report an accident to your auto insurance company, whether it was your fault or not.
Will your insurance premiums go up if you report your accident to your insurance company? The simple answer is no. Insurance companies cannot increase your rates or cancel your policy simply because you were in an accident.
Three reasons why your auto insurance policy can be canceled
There are only three reasons why your auto insurance company can legally cancel your policy:
- You don’t pay your premiums.
- Your license is suspended or revoked.
- Your insurance company no longer does business in your state.
You should report an accident to your insurance company
Even if you’re not at fault in the accident, you should report it to your auto insurance company. If the other driver’s insurance is canceled, denied, or turns out to be insufficient to take care of the bills for your injury, that’s when your insurance company will step in for you.
Don’t be afraid to report your accident to your auto insurance company. You pay your premiums, when you’re in an accident it’s their duty to help you.
About The Speaker: Kathleen Smith is an attorney with the Allen Law Firm whose practice is focused specifically on personal injury cases. She has a wealth of courtroom experience which provides her with a competitive advantage when representing her clients. In addition to defending the rights of people who have been victims of someone else’s negligence, Kathleen also serves as an adjunct professor at Strayer University.