Each location has its personal practices relating to insurance coverage premiums and what impacts them. On this case, I’m speaking concerning the insurance coverage surcharge you may face after an accident in Massachusetts. At this time, I break down the steps for the enchantment course of and why it’s vital.
What’s an Insurance coverage Surcharge?
A surcharge in your insurance coverage is a payment that’s added to your premiums. This often occurs should you’re often concerned in at-fault accidents, pay your premiums late, or have a lapse in protection.
Nonetheless, a surcharge also can have an effect on your insurance coverage should you’re merely including one other automobile to the coverage. In these circumstances, although, you may work with the insurer to see if there are reductions accessible for multiple-car insurance policies.
On this article, I’m specializing in interesting the insurance coverage surcharge that comes after an accident.
Steps to Attraction the Insurance coverage Surcharge
The insurance coverage surcharge will kick in if the insurer deems that you’re greater than 50% at fault. Based on Massachusetts regulation, you might have as much as 30 days from the discover of the surcharge to file an enchantment with the Division of Insurance coverage Board of Attraction.
1. Full and submit the Attraction Kind that’s positioned on the bottom of the Discover of At-Fault Accident Willpower. You’ll want to surround the $50 submitting payment made payable to the Commonwealth of Massachusetts. The deal with is positioned on the Attraction Kind.
2. You’ll obtain a discover within the mail acknowledging the receipt of your enchantment.
3. In roughly three weeks, you’ll obtain a listening to discover. At this listening to, you may attend your self, submit a press release a minimum of 5 days earlier than the listening to, or have a consultant seem in your behalf.
4. The listening to will final round 15 to twenty minutes to find out the justification of the surcharge.
5. About two to 4 weeks after the listening to, you’ll obtain a call from the Board of Appeals as as to if the insurance coverage surcharge will stay.
Be aware: If the surcharge is added to your insurance coverage premiums, you’ll nonetheless must pay the extra quantity. In any other case, the insurer can cancel your coverage.
How A lot Will Charges Improve if You Don’t Attraction?
The elevated quantity of your insurance coverage premiums will rely on numerous elements. It’s not precisely a one-size-fits-all reply, to be sincere.
For instance, fee will increase are topic to:
- your earlier driving report.
- what number of years you drive which can be accident-free.
- how typically you file insurance coverage claims.
Primarily, all of it comes right down to how a lot of a threat the insurer deems you for protection. You probably have a spotless driving report and make your funds on time, the rise could be nominal.
Use the Appeals Course of Appropriately
The appeals course of is supposed to assist the harmless keep away from paying out when accidents had been clearly not their fault. So long as you clarify your place to the Justice of the Peace, and will not be at fault, you could keep away from these further charges.
At Vargas & Vargas Insurance coverage, we will help you additional perceive the method and what you want after an accident. Contact us in the present day to grasp your choices and what you are able to do to keep away from points like this sooner or later.