Reporting an Accident to Car Insurance?

Question

If i get into an accident and it is not my fault...do i have to report it to my insuance company if it is greater than 500. Also will his insuarnce pay for everything or do I have to pay a deductible. Does the other driver pay a deductible since his car has no damage? Help a little confused?

Answer 1

You have two choices:

1) File a claim with the other person's insurance company- That company will send an appraiser out to see your car wherever it's convenient for you(home, shop, place of business, etc...). If they are accepting 100% liability (fault) on their insured's part then they will pay for the repairs in full. If they decide that there is partial liability then they will pay you the appropriate percentage of the cost of repairs on your vehicle. In other words, if they find that you are 50% at fault and the other person is 50% at fault you would receive 50% of the cost of the repairs to your vehicle. There is no deductible involved if you go this way and no need to contact your insurance company. A record of the accident will automatically be recorded and can be found in the future based on the vehicle's VIN number.

2) File the claim with your insurance company to be handled through your "collision" coverage. In this scenerio your insurance company will send an appriser out to assess the damage and they will pay you right away for the full amount of the repairs minus whatever your collsion deductible is (most people have a $500 deductible). Your insurance company will then "subrogate" against the other person's insurance company to recover the cost of repairs. Representatives from both insurance companies will look at the facts of your accident and decide if there is partial or 100% liability on either party's part. If the other person is found 100% at fault then when your insurance company collects 100% of the repair cost back from the other insurance company they would then send you back 100% of your deductible (this could take a month or more in some cases). If there is any percentage of fault on your part you would get only a percentage of your deductible back. Again, for example, if they find 50%-50% then you get the repair cost minus your deductible right away and then 50% of your deductible back when they collect 50% of the full amount from the other company.

You should also know that if the cost to repair your vehicle is less than your deductible you would have to go with choice #1

The other driver has the same choices but if they are 100% at fault and try to go through your insurance carrier they would get nothing.

Answer 2

it's a good idea to report the accident to your insurance as they may be your only coverage--the other guy may dispute that he's responsible and drag the whole process out--plus if he is a fault, you shouldn't have to pay a deductible....although you may have to use your own insurance and pay a deductible and get reimbursed from the other insurance after you settle the case with them. you didn't mention it, was the other driver was ticketed? Was there a police report done? If not, you should make sure that you go down to the police station and fill one out immediately and ask for a copy (so that you can give it to your insurance company and send one to the other insurance company also) this will strengthen your position and give you more to back up your claim. Don't worry about the other guy's car, it's not your problem. If you have problems with the insurance company, you should be able to call the Lawyers Referral Service through the State Bar of the state where you live--they can refer you to an attorney (and the consultation fee is also a reduced amount too)

Answer 3

2

Answer 4

IF there was no damage then no one is paying anything plain and simple. If you have damage, you are not at fault and his insurance company is accepting the liability then you pay nothing. If he has damage however, he will be responsible for the deductible portion of his claim for the damage to his own car only. If you are at fault, he will pay nothing for the repair of his vehicle and you will pay the deductible portion for the repair of your car if you are repairing and using your insurance to do so. I hope this makes sense...bottom line, if you didn't cause the accident then you pay nothing.

Answer 5

You don't have to report it, but you might want to anyway in the event the other insurance only pays a portion of your damages or they deny coverage.

Your deductible only applies to YOUR car when YOUR insurance company assists with repairs. It doesn't apply if someone else's insurance pays. Don't worry about the other guy.....

His insurance SHOULD pay for a rental during the time your vehicle is being repaired. His insurance SHOULD pay to return you vehicle to the same condition it was in PRIOR to the accident, less betterment & depreciation if it applies.

Answer 6

record the coincidence as an incident record only so as that the insurer has the incident on record. inspite of what yet another party in an coincidence would say on the scene of an coincidence, "It became my fault", etc., memories replace. in the experience that your insurer has each and every of the data from you, their insured, then any next calls to them through the different party or the different party's criminal specialist received't come as a wonder. you should no longer be surcharged for a no longer-at-fault coincidence. so a concepts as resolving this declare, you should continually artwork with the different party's insurer in the experience that they agree that their insured (the different party) became at fault. you received't ought to go back out of pocket on your deductible or different prices which consists of leases that your insurance received't conceal yet which will properly be claimed adverse to the different party's insurance. do no longer matter on your insurer to subrogate adverse to (deliver jointly from on your behalf) the different party's insurer - regularly subrogation claims are settled between insurers for only one hundred cents on the dollar which signifies that a) you received't get your deductible lower back, and b) your insurer will be left conserving the bag for a number of the declare. Your expectancies must be that the different party's insurance will positioned you interior the same position after upkeep are finished that you'll were in had the coincidence no longer befell. this can contain identifying to purchase a condominium vehicle. also, in the experience that your vehicle is owned and under no circumstances leased and there is substantial harm on your vehicle, some states allow diminution in fee claims on the premise that a vehicle that has been damaged in an coincidence will promote for only an same vehicle that became no longer damaged.

Answer 7

report it to your insurance provider. You'll have to pay the deductible. If the other driver was at fault you could possibly sue the other driver in small claims court to recover your deductible.

Answer 8

Yes, you need to report it to your insurance even if you are not at fault. Your agent will be able to handle things for you and will answer any questions you might have. No, your deductible will not enter into it.

Answer 9

my daughter and I bought a car Friday nite on the 7th of nov. on the morning of the9th of nov it was involved in a collision with another vehicle. I have a partial report. The other vehicle was a 91 maxima which is insured for Liability Ins only. our car is a 2006 Saab NO INSURANCE. my daught is still in the hospital with broken bones and multiple abrasions and bruises Help

Answer 10

the ded. is paid by the car at fault ... don't report anything to the ins. co. unless necessary ----the at fault car pays for all damages (yours and the others) .. if you get hit just talk to the ins. co . of the at fault driver... don't call your ins.co. unless the other driver has NO insurance-- then you have to pay the deduct. to get you ride fixed... good luck and drive like you life depends on it ......