You may have heard that many auto insurance companies have begun to offer the Accident Forgiveness Endorsement to their customers. The purpose of Accident Forgiveness is to avoid the surcharge premium on your auto insurance policy after your first at fault accident under most circumstances. In simpler terms- Your insurance premium will not increase due to your first accident. This endorsement can be added to many company’s policies for an additional fee (varies by company). Most companies only offer accident forgiveness to customers with clean driving records. Just because an accident is forgiven with your insurance carrier does not mean it will be forgiven if you change companies or agencies. Before cancelling any insurance policy it is always important to contact your agent. Accident Forgiveness endorsements may vary from company to company, state to state, if offered at all by your carrier. If you are interested in endorsing Accident Forgiveness onto your policy call IMA at 1-800-891-1226 or email info@ima.com.
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