Why You Ought to Report a Minor Accident to Your Insurance coverage Firm
It occurs ceaselessly: after a automobile accident with no accidents and negligible injury, the drivers concerned agree upon a settlement with out involving their respective insurance coverage corporations and minus the official police report. Sadly, too many occasions this association simply doesn’t finish effectively.
In keeping with the specialists, the one method that you would be able to be assured that you’ll get compensated for the damages is to file an insurance coverage declare.
Take the next incident for a major instance of the above.
I used to be minding my very own enterprise as I drove down the quiet, rural avenue the place my house is positioned. Abruptly, I felt the power of a crash as one other car collided into me from behind. I exited my automobile to view the injury. To my shock, the opposite driver – the one who had precipitated the accident – was my good pal and neighbor.
“Sorry,” mentioned John with a sheepish smile.
“Don’t be concerned in regards to the injury, I will deal with it personally. Let’s not contain the police or the insurance coverage corporations. This fashion, there isn’t any danger of an insurance coverage premium enhance, as typically happens after making a declare.”
On the time, it did not happen to me that there can be any downside with this association. In any case, John and I have been mates, neighbors that met regularly.
“Certain,” I responded. “If that is the way in which it really works finest for you, I will go together with it.”
Nicely, the story didn’t finish on a contented word. I obtained the again fender mounted and despatched my receipt to John, with no thought that there can be something to fret about.
I used to be mistaken.
It has been 60 days because the accident, and I’ve but to obtain reward from John who has no scarcity of excuses and guarantees that the cost is coming…
The above state of affairs repeats itself time and time once more after minor collisions.
Even when the opposite driver is your pal, neighbor or a trusted acquaintance, there may be by no means 100% assurance that you will notice cost for the damages she or he precipitated.
In an occasion the place the liable driver doesn’t honor his or her financial dedication, time has elapsed and it could be too late to supply sufficient substantiation in regard to damages and who’s at fault
Moreover, the liable driver could betray your belief and report the accident to his or her insurance coverage provider. She or he could go even additional with the betrayal by twisting information and really mendacity about harm claims that by no means have been current on the time of the accident. If this happens, your insurance coverage firm could need to ship out a big cost. It might additionally provoke a lawsuit in opposition to you, in addition to forcing you to pay the rest of what the courts deem your obligation after your insurance coverage firm has reached the boundaries of your coverage’s protection. Lastly, you can be in for an disagreeable premium enhance.
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Supply by M Wyzanski