Are you aware that your insurance rates don’t always have to go up with every accident? The question is – how can you tell these incidents apart? This is where a chargeable accident in insurance comes in.
Do you want to find out if you deserve a pardon for an incident? Keep reading to learn more.
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What is a Chargeable Accident in Insurance?
A charged accident is one that might result in a rise in your car insurance premiums. This generally refers to an accident in which you were more than 50% at fault, and the following happened:
- It damaged other people’s property, such as cars or fences.
- Death or bodily damage occurred.
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In certain states, they may define a chargeable accident as a monetary amount.
Instances of Non-chargeable accidents in Insurance
Accidents in the car aren’t always “chargeable.” Here are a few examples of non-chargeable accidents:
- You parked your car legally when it damaged.
- Although your car was rear-ended, you (or the driver of your car) were not charged with any moving traffic infractions.
- A hit-and-run motorist hit your car. You may be required to report the collision to the police within 24 hours of noticing the damage.
- Falling objects caused the damage.
- The accident happened while you were reacting to an emergency. This could be either a volunteer or paid member of a fire department, first aid team, or law enforcement group.
- Your automobile insurance company recovered 80 per cent or more of your collision insurance claim. This instance is due to subrogation (which means they were able to collect from the other driver’s car insurance company).
- The person responsible for the accident has reimbursed you
- A court has entered a judgement against the person who caused the accident.
- Accidents in which PIP claim payments are made, but no payments are made under the liability or collision insurance plans.
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