What if the other party does not report an accident?

Policyholders face serious consequences if they fail to file an accident report, as this constitutes a breach of the insurance policy condition. The insurer is entitled to repudiate liability, resulting in the insured's loss of protection under the policy.

Can I just keep the money from an insurance claim?

The auto insurer has fulfilled their obligation by making payment on a valid claim, so as long as your policy and state allow it, you can keep the money to use as you choose.

Do I need to make police report for traffic accident?

You should make a report at the nearest Police Station in the country the accident occurred. If you require advice and assistance, please call your insurance company.

Do I need to make accident report?

If you do not report an accident, Your insurer may repudiate liability; Your No-Claims Discount may be docked upon the renewal of your policy; and. Your insurer may cancel or refuse to renew your policy.

How do I settle a private car accident?

To enter into a private settlement, both drivers must complete and sign a Private settlement letter that you must submit to your insurer within 24 hours of the incident. This document is legal and a binding agreement between both parties.

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