DUI/DWI: Effects on Insurance Policy

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drunk drivingIf you have been convicted of a DUI or DWI you can be certain the conviction will adversely affect your insurance policy…most likely in the form of an increased premium rate or cancellation.

Your insurance company may simply decide to cancel your policy.

If this doesn’t happen, your premium rates will skyrocket.

The majority of insurance companies check their policyholders’ driving record every few years. This means that your particular company might not be aware of your conviction when is occurs.

This is not a “free ride” for you. According to many state laws governing DUI and DWI convictions, you must report the conviction to the insurance company immediately.

According to your particular state laws, your insurance company may not be allowed to cancel your policy due to the conviction.

It is very important to discuss these situations with your lawyer beforehand, and ensure that you are prepared for any repercussions that you might face following your conviction.