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I was in a very minor accident the other day. I got rear ended and the person who hit me claimed responsibility and was willing to pay for any damages. We exchanged contact information and left it at that.

If the amount of damages is a high enough amount that the other driver wants to get insurance to cover it, does my insurance have to be notified of this as well even though they really wouldn't be involved?

2007-09-20 02:21:50 · 11 answers · asked by LG 1 in Cars & Transportation Insurance & Registration

11 answers

if the other driver is going to pay out of pocket and not get his insurance involved then you should not say anything to your insurance company, but if they decide to use their insurance then you better notify your company in case the other driver trys to claim that you were at fault

2007-09-20 02:34:45 · answer #1 · answered by Anonymous · 0 0

Wow, 11 answers and all of them wrong. YES- definitely notify your insurance. You should do this for several reasons:

1. You are legally required to. Your insurance contract will state the you MUST notify your insurer within a reasonable time of any accident involving your vehicle. They have a contractual right to know the damage done to the car in case they need to defend you at some point in the future.
2. If the car is financed, your financing agreement probably states that you must notify your insurer of all accidents involving the vehicle. Since, technically, you are only a PARTIAL owner (the bank owns the car too) they have a legal right to have these matters handled to their satisfaction.
3. You have absolutely no guarantee the other driver will carry out their end of the deal. By getting your insurer notified now, you will save yourself a lot of headache if things don't go well.
4. Your insurer will find out anyway. There's this thing called the ISO- pretty much all insurers report claims to it. It's a large database, and when your policy comes up for renewal with an ISO hit they had no record of, don't be surprised if they decide not to renew.

Calling your insurer has no drawbacks at all, if you're not liable your rates cannot be raised (unless you get in lots and lots of accidents). If you choose not to call them, you could find yourself in violation of your insurance contract AND your car loan. You don't want that.

2007-09-20 18:43:58 · answer #2 · answered by sactoking 2 · 0 0

My advice would be No.

I work in insurance and if you were insured with us, we would set up a claim for 'information purposes' only, but we would still rate you on this at renewal.

Technically we should be made aware, even if we didn't deal with your repairs.
If you find out he is un-insured - it would then be up to you whether you would want to make a claim against your own policy for repairs as that would be classed as a fault accident. And you would have to claim for losses on your own through the relevant channels.

Either way there is no harm in reporting it late if you needed your insurance co to deal, but until then leave it alone.

2007-09-20 10:01:16 · answer #3 · answered by hannahcarmel 1 · 0 0

If the other driver accepts responsibility it doesn't hurt your insurance rates. No need to inform your insurance company unless you don't get your money at which time you contact your insurance company & they will go after the driver for you. Let his insurance company take care of it.

2007-09-20 09:51:46 · answer #4 · answered by Businessman 3 · 0 0

If you are not going to be out of pocket any money, and you don't need insurance to supplement your repairs, then NO, they dont' need to know. The car is being returned to the same state as it was when it was insured, so YOUR insurance company couldn't care less.

If you would feel better, call your agent and ask them. Explain the situation and see what they say.

2007-09-20 09:37:19 · answer #5 · answered by Marvinator 7 · 0 0

If the other driver pays for the damages, here is not need for your insurance to know.

2007-09-20 09:29:51 · answer #6 · answered by rmrndrs 4 · 0 0

No, the only way you need to get your insurance involved is if the other insurance company denies the claim.

2007-09-20 16:27:10 · answer #7 · answered by Anonymous · 0 0

you need to tell your insurance company that way they will be able to help out if needed in any way...its not going to cause your rates to go up, but you may need them if the other person turns around and says they were not to blame and refuses to pay for any damage

2007-09-20 09:30:48 · answer #8 · answered by Jessi 7 · 0 0

Id just keep that one quiet, insurance companies are just looking for a reason to increase your premium

No doubt it will go on one of their files if you tell them

2007-09-20 09:30:42 · answer #9 · answered by Anonymous · 0 0

yes, they do need to be notifed, because this person could be uninsured and could have lied to you about their insurance. aways CYA-cover your a**! so please let them know, it won't go against you in any way. and if your hurting in any way, they might be able to help with any doctors visits. good luck

2007-09-20 09:32:52 · answer #10 · answered by Rosetta 2 · 0 0

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