Whether or Not to Report an Accident
By: Good2GoPublished: June 28, 2016
To report, or not to report an accident – that is the question.
So you’ve been in a minor accident. No injuries, but some cosmetic or other minor damages. Should you inform your insurance company about it or keep the matter quiet and pay any repair costs out-of-pocket? Fear of an insurance rate hike is often the driving force behind that question. But here are three reasons why you should absolutely report even a seemingly minor accident.
It involved another vehicle:
If you backed into a tree or ran over a curb and damaged your own car, you can get away with sucking up the damage yourself or living with a cosmetic dent. However, if your mishap involved another motor vehicle of any kind, always report it. Even without injuries, officially documenting the facts is in your best interests. Even if you and another reasonable person work out a private arrangement to keep the insurance companies out of it, official documentation serves to protect you should that “reasonable person” change their mind.
Looks can be deceiving:
If your accident involves one or more other vehicles, your car or the other car may look like it has only very minor damage. The reality is, some hard to see repairs can still cost you big time to have repaired. The same goes for injuries. You or the other party may feel okay in the immediate moments following an incident, but injuries can reveal themselves as time goes on. Some soft tissue injuries can take as long as 48 hours to appear.
Time is of the essence:
If you don’t report your accident, not only can big costs surprise you later, but your insurance company might not pay. This is because the insurance company lost its ability to properly investigate the claimed damage at the time it is most critical – immediately after the accident is reported.
Stay safe and always tell your insurance company about accidents, especially those involving other cars. Good2Go provides dependable coverage – and great advice – should you have the bad luck to find yourself in an accident. Call (877) 200-9912 or visit our website to find the coverage that works best for you and your budget.