by abhi.rawat89 » Mon May 06, 2013 02:53 pm
I own a 2004 Nissan 350Z , and I am 23 years old and came to US last year in oct (So , I dont have a driving history as such )
Last week my car got water damaged in those heavy rains we had in Houston , Texas. The adjuster has quoted 8000$ to repair it and the car's value is 12000$ on KBB.
Also I had an accident in february which will make my premium go high ..
I was just wondering if this water damage which comes under comprehensive coverage will affect my premium ?
And my policy will be renewed in June . Is it a good idea to change the insurance provider ??
Last week my car got water damaged in those heavy rains we had in Houston , Texas. The adjuster has quoted 8000$ to repair it and the car's value is 12000$ on KBB.
Also I had an accident in february which will make my premium go high ..
I was just wondering if this water damage which comes under comprehensive coverage will affect my premium ?
And my policy will be renewed in June . Is it a good idea to change the insurance provider ??
Posted: Tue May 07, 2013 07:34 am Post Subject:
No, water/flood damage wont affect your policy's premium. As far as switching off to a new carrier is concerned, then it is for you to decide whether or not you want to do that at all. However, it is advisable that you find out all the details before cancelling your current insurance policy.
Posted: Tue May 07, 2013 01:17 pm Post Subject:
Also , I just wanted to know by how much does the premium goes high after an accident (insurance co paid 5000$ for the accident ) ?
And does a damage of 8000$ on a 12000$ car will mean that they will total the car ??
Posted: Wed May 08, 2013 12:47 pm Post Subject:
This depends on the underwriting rules followed by your insurance provider. So, its better for you to contact them and get the necessary information.
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