Did anything accrue any costs that exceed $500.00? If not, it's not worth the damage it will do to your driving record. As long as nobody is hurt and there is no damage, just let it go and be more careful next time. :)
Then the people will be charged with insurance fraud.
Auto insurance consists of both liability insurance and physical damage coverage. Collision coverage is part of the physical damage section of an insurance policy and is designed to either repair or replace your vehicle if you are involved in an accident up to the fair market value of the vehicle. Collision will pay for both damages caused in an at-fault accident and damages caused in a not at-fault accident if the other party did not have insurance. If the other party did have insurance and they were responsible for the damages, the other party's liability insurance would pay for your vehicle damages through Property Damage coverage. You are responsible to pay for your collision deductible for at-fault accidents before a claims payout will be made.
absolutely and should promptly report to company, other driver can come back in a month with entire vehicle damaged claiming you did so........
You should immediately report the accident both to your own insurance company and to the vehicle owner's insurance company. Depending upon which state you are in, either one or both insurance companies is responsible.
If an accident occurred, it is not uncommon to find damage after the fact. Even in slower collision, there can be damage underneath the bumper of the vehicle. Happens all the time. In those circumstance, the party at fault can choose to either pay out of pocket for the damage or file the claim with their insurance company.
Either the cars owner or the insurance company who paid for the totaled vehicle
The term letting insurance refers to the insurance a landlord has for property they are renting. It covers damage to the property either through accident or natural disaster.
Do not know what you mean. Did the insurance company cancel? Did you lose the card? New Hampshire and Wisconsin do not have mandatory auto insurance laws. If you have an accident any you are to blame, you still should pay the damage either out of your pocket or thru the insurance company. If you have insurance, you still have to pay for the damage, thru increased rates. I am opposed to mandatory auto insurance laws since they hurt poor people and even the insurance industry is opposed. Go to http://www.centspermilenow.org/715oppos.htm
I am an Insurance Broker - dependant upon where you live, your son's accident will be covered, either by your policy (considering you have adequate coverage, or his mother's, considering her coverage) Here in Canada, no-fault allows our own insurer to cover the vehicle, no matter the driver.
The steps when one has been in a minor car accident where there are no injuries and minimal-to-no damage to both vehicles are still fairly similar to the steps involved in a major car accident. Drivers should turn on the hazard lights on their cars. Make sure to note the characteristics and license number of the other vehicle(s) involved. The police should be called immediately, even if nobody is injured and there is no major damage to either vehicle, because the insurance companies often look for a police report. Both drivers should attempt to move their car to the shoulder or off of the major road to avoid traffic congestion or further damage to either vehicle, but only if it is possible, safe, and very close.
You will both be charged by the police with driving without insurance. This may make it difficult or very expensive for you to get insurance in the future. There will be no coverage for damage to either vehicle or any bodily injury
If a car is totaled in an accident and only liability insurance is present, there is a chance that the other party's insurance will pay for the vehicle if the accident was their fault. If a car is totaled, but no others were involved, then the responsibility falls on the registered owner. This will not release the registered owner from paying for the vehicle, either, if money is still owed on the car.