First Accident Forgiveness
COVERAGE DESCRIPTION: First Accident Forgiveness means there is increase in rates for the first accident reported to an insurer.
CLAIM EXAMPLE: A client suffered loss when fraudulent credit cards were obtained using our insured’s personal data. The insurance company help, the client was able to restore their credit standing and close out the fraudulently obtained credit.
IS THIS OPTION RIGHT FOR YOU? It can be beneficial to have this coverage, but the cost should be weighed in relation to the benefits.
COVERAGE APPLICATION: Coverage applies on a policy-wide basis.