do i have to report to my insurance co. can i make any claim and will my premium increase
2006-12-28 04:47:43 · 6 answers · asked by mamasan 1 in Cars & Transportation ➔ Insurance & Registration
If you claim it your insurance will go up, if the cover it. You don't have to report it, just fix it yourself. Write it off to a lesson learned, don't loan your car.
2006-12-28 04:55:57 · answer #1 · answered by ? 3 · 0⤊ 0⤋
You don't have to report the accident unless you want your car fixed.
But you may end up not having a choice.
The uninsured driver of your car has the right to make a medical claim against your insurance if they are injured. And, if they do, then your insurer will know about the accident.
If you want to get your car fixed and you have collision coverage or uninsured motorist coverage, you can make a claim and get your car fixed.
If the accident was truly not your driver's fault, then you should be fine in terms of premium.
However....a big BIG warning about letting anybody drive your car.
If the uninsured driver you lent you car to got into an accident that was the driver's fault.....YOU would be responsible for paying most of the claims.
And dont' think an insurance policy is going to totally protect you.
Your policy has limits and if the medical and pain and suffering claims go above your policy limits, then YOU will be required to PERSONALLY pay the rest of the claims (at least the part you are responsible for.....and since it was your car you lent....you'll probably be at least 50% responsible).
So that means unless you've got a wad of cash lying around and you are willing to give it to people who sue you because you lent your car out to an uninsured driver....you might want to rethink letting others borrow your car.
2006-12-28 05:20:07 · answer #2 · answered by markmywordz 5 · 0⤊ 0⤋
I would report it. You may find out things you would want to know about. The insurance company will get to the bottom of the accident and maybe even find the driver. I hope you reported this accident to the police as well. I posted an article below that may help you understand more.
2006-12-28 17:00:03 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If you have collision or uninsured motorist property damage (only avail in some states) on your policy- it will cover the loss (as long as the driver does not drive yoru vehicle often and doesnt live in your household)
Regarding your premium increase- you'd have to ask your policy services at your insurance company. may increase- may not. But this looks like an not-at-fault loss.
2006-12-28 05:08:24 · answer #4 · answered by la428282 6 · 0⤊ 0⤋
Insurance follows the car, not the driver. If you have given someone permission to drive, your insurance covers him/her. Only your agent can answer the rest of the questions.
2006-12-28 05:29:34 · answer #5 · answered by oklatom 7 · 0⤊ 0⤋
yes if you want the car fixed
2006-12-31 12:52:03 · answer #6 · answered by jerry 7 · 0⤊ 0⤋