Why You Should Report a Minor Accident to Your Insurance Company
It transpires frequently: after a car accident with no accidents and negligible injury, the concerned motorists agree on a settlement with no involving their respective insurance coverage firms and minus the official law enforcement report. Regretably, far too several moments this arrangement just does not close nicely.
According to the experts, the only way that you can be certain that you will get compensated for the damages is to file an coverage declare.
Take the pursuing incident for a prime illustration of the higher than.
I was minding my possess small business as I drove down the silent, rural avenue wherever my residence is situated. Suddenly, I felt the power of a crash as another motor vehicle collided into me from guiding. I exited my auto to check out the damage. To my shock, the other driver – the just one who experienced brought on the incident – was my superior friend and neighbor.
“Sorry,” claimed John with a sheepish smile.
“You should not worry about the problems, I will acquire treatment of it personally. Let’s not contain the police or the insurance coverage corporations. This way, there is certainly no hazard of an insurance policy premium improve, as typically occurs just after building a claim.”
At the time, it failed to come about to me that there would be any trouble with this arrangement. Immediately after all, John and I had been mates, neighbors that fulfilled on a regular basis.
“Positive,” I responded. “If which is the way it is effective finest for you, I will go along with it.”
Well, the story did not finish on a happy notice. I obtained the back fender fixed and sent my receipt to John, with no imagined that there would be everything to fear about.
I was erroneous.
It is really been 60 days because the accident, and I have nevertheless to obtain recompense from John who has no lack of excuses and promises that the payment is coming…
The previously mentioned state of affairs repeats alone time and time once again soon after slight collisions.
Motorists, beware!
Even if the other driver is your pal, neighbor or a dependable acquaintance, there is in no way 100 percent assurance that you will see payment for the damages he or she induced.
In an instance wherever the liable driver does not honor his or her monetary motivation, time has elapsed and it might be far too late to give ample substantiation in regard to damages and who is at fault
Apart from, the liable driver may betray your belief and report the accident to his or her insurance coverage provider. He or she may go even further more with the betrayal by twisting info and really lying about damage statements that never ever were being present at the time of the accident. If this takes place, your insurance policies company may well have to ship out a significant payment. It may possibly also initiate a lawsuit against you, as very well as forcing you to fork out the remainder of what the courts deem your obligation just after your insurance organization has reached the limits of your policy’s coverage. Finally, you will be in for an disagreeable top quality increase.
