Filing Claims Just a Few Days Before the End of Insurance

Apr 29, 2016

  1. ukay1705
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    ukay1705 New Member

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    I had minor park lot incident while pulling my car out last week, I went to a body shop they quoted 1000$ to fix it. My current deductible is $500 and my insurance is ending on 05/09 with my current insurer. They increased my premium though I had no claims or tickets, so i switched to GEICO who gave me a much better price. So how should I go about fixing my car? Get it done now and file it with current insurer? or Wait till I move to GEICO and file it with them after 05/09?
    I have a clean driving record for 3 years.
     
    ukay1705, Apr 29, 2016
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  2. pbinner
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    pbinner New Member

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    You must file it with your current insurer because the incident occurred during that policy period. Your Geico policy is not in force yet and therefore no coverage exists. Absolutely do not misrepresent the date of the incident as that is insurance fraud. One caveat, many online insurance companies don't fully underwrite their policies until after they are issued; so its likely the price you see will change. It's best to always have an agent.
     
    pbinner, Apr 29, 2016
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  3. Andle
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    Andle Expert

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    This is all correct. Couldn't have said it much better myself.
     
    Andle, Apr 29, 2016
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  4. stex
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    stex Expert

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    So did you disclose this accident to geico? Will the premium increase if they haven't included it?
     
    stex, Apr 29, 2016
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  5. InsCommentary
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    InsCommentary Guru

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    "i switched to GEICO who gave me a much better price."

    How does the coverage compare?
     
  6. Josh
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    Josh Retired Agent, Current List Broker

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    Good chance your premiums will go up by more than $500 over the years if you file.
     
    Josh, Apr 30, 2016
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  7. VisibleIndemnity
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    VisibleIndemnity New Member

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    If you are talking agent coverage, it is minimal. They don't have any exclusive agencies anymore from what I am aware; you save 15% or more by switching to automation :)

    Pbinner is on point w/ his comment. Material misrepresentation is a big no-no.
     
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