Yes. Your policy probably says something to the effect that you must report ALL accidents you're involved in.
This depaends on the fault of the accident. There is no way to tell the answere to this question as there are many factors involving this. Is this the 1st accident, state, insurance company.....
You need to check with your agent or policy services for you company. They can tell you their rules for accident/claims related rate increases.
I heard that u should, and if your personal insurance finds out that u were involed in a accident with a company car under company insurance ur insuance can be black list u. i could be wrong.
You need to contact your agent of policy services dept. for your insurance company and they will be able to tell you this is company specific in most cases.
I had a minor at fault accident with a company vehicle. I provided my current car ins co with a letter from my old car ins co stating that they did not pay a claim on this accident. My new ins company accepted it and ignored the accident. You can do as above although it is best to tell insurance about all incidnets just in case other wise any undisclosed information could invalidate claims
Usually your insurance company will make that determination. The only time I can think of one insurance company working with another company to determine fault is if stories are mixed, or circumstances (such as weather, pedestrians, noise, etc) are too complex to tell initially.
You will need to make a report to both insurance companies. Even though you are not at fault your insurance company will still want to know. Unless the other party takes the blame right away and tells there insurance company that it was there fault then you do not need to tell your insurance. But I always recommend that you always talk to your insurance company about the accident.
Immediately after an accident, you should call your insurance company and they will tell you their responsibility in that particular state. Your agent should have given you that information when you purchased your policy. Each state has slight differences. An insurance agent in this state is not licensed to comment on the insurance policies of another state.
There are many things that insurance company takes in to consideration when raising your rate. They will look at how long you have had insurance, the amount of the claims, if you were at fault or not, as well as other factors. Only they will be able to tell you.
There are many things that insurance company takes in to consideration when raising your rate. They will look at how long you have had insurance, the amount of the claims, if you were at fault or not, as well as other factors. Only they will be able to tell you.
It is just what it sounds like. However, the letter is addressed to the person who was at fault in the accident not the insurance company. They may have forwarded a copy of letter to the person's insurance company just so that the adjuster is aware of it. It is part of the process of filing a suit against someone. Attorney's tell their clients this so it seems like they are doing something.
It is good to tell your insurance company within 24 hours of the accident. This way you can receive money from your insurance company soon so you can get your car fixed.