How messed up am I?
My wife and I recently switched to a new insurance policy after leaving our previous company, and we thought everything was fine. We were waiting for the payment to go through and had even received our ID insurance card. During that time, my wife accidentally backed into our neighbor’s car, which was parked illegally. Thankfully, our neighbor was really understanding about it.
However, a few days later, Progressive rescinded our policy. Now, I’m worried I might have to pay out of pocket for the damages. What are my options? Can Progressive still be held responsible for covering the damages even though they canceled our policy afterward?
It sounds like you’re in a stressful situation, and it’s understandable to be concerned about the potential financial implications. Here are a few points to consider regarding your situation with Progressive and the accident involving your neighbor’s vehicle:
Policy Status: First, you’ll want to confirm the exact status of your insurance policy. If Progressive recanted the policy after the accident occurred, it’s important to understand the timeline and the reasons for the cancellation. Typically, coverage is in effect until the insurer formally cancels it, but you should review any communications you received from them.
Accident Reporting: Since the accident happened while you believed you were covered, document everything about the incident, including the date, photos of the damage, and the neighbor’s response. It might help to reach out to Progressive for clarification on their decision and to explain the situation.
Local Laws: Insurance laws vary by state, so it may be beneficial to consult with a local attorney who specializes in insurance claims or consumer protection. They can provide guidance on your rights and any potential avenues for recourse.
Negotiation with Progressive: If it turns out that you were under the impression that you were still covered at the time of the accident, it may be worthwhile to communicate this to Progressive. They may have a process for addressing cancellations and claims that you can pursue.
Financial Responsibility: If it turns out that you do not have coverage, you may be responsible for the damages out of pocket. In that case, it could be good to discuss a payment plan or other arrangements with your neighbor, especially since they were understanding about the incident.
It’s natural to feel anxious in this type of situation, but taking proactive steps can help clarify your options. Good luck, and I hope you find a resolution soon!