The car was parked at a restaurant and the Guy was nice enough to stick around and tell us, but he doesn't want his ins. rates to go up?
2007-07-21 07:09:19 · 12 answers · asked by Any givin Sunday 1 in Cars & Transportation ➔ Insurance & Registration
I don't recommend it. While the other party may be genuine in his intentions, often times they are surprised at the amount of the repair estimate when you present it to them causing arguments, hard feelings, etc. It doesn't take much damage to go over $1000 these days. If you have full coverage, a better solution would be to turn it in to your own company. Your deductible will apply until your company recovers the money from the responsible party, and then they will reimburse you. This puts the burden on your company instead of you, which is why you pay them. They have ways of getting the other party to pay, or contacting his insurance company and collecting direct. If you don't have full coverage, contact his insurance company anyway and report an advisory claim. He will still have the option to pay out of pocket, but his company can advise him of acceptible estimates of repair and eliminate any concerns he may have.
2007-07-21 13:56:51 · answer #1 · answered by John M 1 · 0⤊ 0⤋
Sure, but get something signed regarding payment and accident responsibility, and give him only a short time before actually reporting it, because people sometimes decide to change the story afterward and report it themselves as a hit and run, with a "witness" who got your plate number. In other words, you can choose to work it out amicably, but protect yourself at the same time. Depending on the level of damage, there may still be a police report required, by the way, or the car cannot legally be repaired. In Manitoba, for instance, that level is $1,000. There is always a police report required if someone is injured in an accident.
2007-07-21 07:45:14 · answer #2 · answered by Fred C 7 · 0⤊ 0⤋
This may or may not be legal. It may also be in violation of your insurance contract. State laws mandate what is considered as reportable. In all cases if an injury or fatality is involved the accident must be reported. Beyond that there is usually a dollar amount of damage that determines whether or not it needs to be reported.
As far as reporting to your insurance company, read your policy. Many insurance companies require notification of all accidents even those that don't meet state reportability guidelines. If you don't report it you could jeopardize future claims for damage to the vehicle.
One last issue to consider: If you agree to accept direct payment you'll almost certainly be asked to sign a waiver of future claims and settlement in full. If you sign that and discover additional damage it will be entirely up to you to have that damage repaired at your own expense. With that waiver in hand, no insurance company -- yours or his -- will entertain any further claims on that incident. If you file this through your insurance company and let the insurance companies sort out the final liability and additional damage is discovered then you'll be covered for that.
2007-07-21 07:25:48 · answer #3 · answered by Bostonian In MO 7 · 2⤊ 0⤋
Well yes. The person that gets hit can decide on all that. The person that hit someone doesn't get to. Cause say if the person that gets hit beleive's that the person that hit them dont have insurance or will not pay for the damage they can call a Law Enforcement to take a report and all the information. So you really dont even need a law enforcement there either.
2007-07-21 07:23:12 · answer #4 · answered by wolf_klan_04 1 · 0⤊ 0⤋
look if the guy stayed after hitting your vehicle, and then offer to pay for the repairs without informing the insurance company, why are you being suspicious of the guy , he is an honest person , and all he is trying to do is saving a buck or two, just as long as you are satisfied with the repairs , you will be OK.
2007-07-21 07:55:30 · answer #5 · answered by santos laguna 3 · 0⤊ 0⤋
I wouldn't. There is no guarantee the information this guy gives you is authentic and there is nothing to compel him to pay it. So what if his insurance goes up? That's not your problem. There are dozens of questions here from people in a similar situation who trusted somebody to pay and then can't find them because of bogus personal information. Maybe this guy is honest, maybe he isn't. How would you know?
2007-07-21 10:47:10 · answer #6 · answered by Anonymous · 0⤊ 0⤋
BEWARE: he may not want his rates to go up but he has to know there is NO WAY they will go up as much as it will cost to repair your car. If you want to cut him a deal, fine but be ready to file a claim on your own insurance just in case he balks at the cost to fix your car.
2007-07-21 09:06:50 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Yes but as long as the guy and the owner of the car has a agreement between it.
2007-07-21 09:39:31 · answer #8 · answered by Christina B 2 · 0⤊ 0⤋
Either that or he does not have insurance, in either case yes as long as your damages get fixed.
2007-07-21 07:14:07 · answer #9 · answered by Pengy 7 · 0⤊ 0⤋
You can, if their is minimal damage then I would but anything major I would go through tne insurance company.
2007-07-21 07:12:19 · answer #10 · answered by Anonymous · 0⤊ 0⤋