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 Posted: Tue Jan 19, 2010 12:54 am Post subject: No coverage on a totalled car |
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| If I have an older vehicle on which I no longer carry comprehensive nor collision coverage and I hit an ice slick, causing me to hit the ditch, rolling several time, causing the car to be clealy totalled. Since I will recieve no payment for loss of the vehicle, thereby being my expense, is it necessary therefore to even report it to my insurance company. That's also assuming no physical, property damage. Will it not only go on record as my own fault and therefore increase my premium? |
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klauck
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Joined: 19 Jan 2010
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| Posted: Tue Jan 19, 2010 3:03 am Post subject: |
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| Quote: | | is it necessary therefore to even report it to my insurance company. That's also assuming no physical, property damage |
As long as there was no other property damage, (including guard rails, signs etc) you don't have to report this. Also assuming you did not have any passengers that could come back hurt later  | Quote: | | Will it not only go on record as my own fault and therefore increase my premium? |
This depends on the state and the carrier, some carriers give a discount for no loses..however, if they don't make payment I'd doubt they could increase your rates. At this point if it were me and there was NO chance that 'anything' (damage, injuries) could pop up later, I'd not report it.
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Lori
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| Posted: Tue Jan 19, 2010 3:07 am Post subject: |
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One thing I've noticed in insurance application's I've had to make when changing insurers is that they will often ask whether there have been any accidents or events which have occured, whether a claim was lodged or not.
If you were to get faced with a question like this it'd be in your best interest to make full disclosure about your accident just to be on the safe side. Of course this really only applies if you're changing to a new insurer.
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heidrek
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| Posted: Fri Jan 22, 2010 12:16 pm Post subject: No coverage on totaled car |
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Since there was no physical or property damage it would be taken as your own fault. Reporting would not help you in any ways.
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scarlett
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| Posted: Sat Jan 23, 2010 6:21 pm Post subject: Agree with heidrek |
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| Always err on the side of caution. Even if you don't report it, be sure to file it away in your memory banks as an event for future disclosure. You didn't mention if a traffic accident report was filed by police. Even if you didn't receive a citation, it's still in a law enforcement computer as having been investigated. |
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edictben1
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Location: Indiana
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