UK Accounting Glossary
A form of (optional) vehicular insurance coverage wherein the insurer waives its right to increase the rate of the policyholder at fault in the event of an accident.
Accident forgiveness is a feature of an auto insurance policy that protects your driving record from being affected by the insurance company’s rating system for an at-fault accident, thus preventing your insurance premium from going up because of an at-fault accident.
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This glossary post was last updated: 8th December 2019.