Whats going to cost you

Ever afraid of turning in a claim because you think you will be paying for it for the next 5 years?? OR have you ever turned in a claim only to find out that you WILL be surcharged for it for the next 3 to 5 years??

Your insurance score and premium is determined by MANY different factors but the one factor we will discuss today are chargeable claims.

It is very important to know the difference between Comprehensive and Collision when having FULL coverage on your vehicle.

Comprehensive coverage provides protection against the following; fire, theft, malicious mischief, windstorm, flying objects, hail, hitting an animal, and broken windows. Comprehensive coverage often has a deductible and can be sold alone without including collision coverage.

Collision coverage will not be issued unless comprehensive coverage is included. In order for collision coverage to come into play, there must be physical contact between the auto covered and another car, truck or object which then causes physical damage to your auto.

Comprehensive claims are NOT chargeable. In other words after you turn in a comp claim your insurance premium will not increase because of the claim. A valuable thing to know between comprehensive and collision is that if the object is moving when it strikes your vehicle the claim would fall under comprehensive if the object is stationary and you strike the object the claim would fall under collision.

Also, when getting into an accident with some one that is uninsured and the accident is NOT your fault, YOUR insurance will pay for the damages but will not surcharge you for the claim. Same with a hit and run on your covered vehicle.

Any accident that is YOUR fault and if money is paid out, whether it is for property damage, bodily injury, medical, or collision you will be surcharged.

At CO Insurance Specialist we represent over 10 different companies. This is important because each company has different rating scores and even though one company may increase your premium drastically for a chargeable claim another company may not. At each renewal we shop for the best rates to guarantee that you receive the most competitive rates and broadest coverages at all times. Don't be stuck paying an outrageous premium because of an at fault accident two years ago. Let us find you the company that fits you and your claims best.

www.cisforyou.com