True of false: it is insurance fraud to not report a single car accident to your insurance company.?
Sunday, February 7th, 2010 at
8:08 am
If true, how is it fair that your rates go up because of the accident if it wasn’t your faulet (e.g. slipping on the ice)
Filed under: Insurance Fraud
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It’s not fraud to not report the accident – you just won’t get your damages covered.
As for if your rates will go up – a single car accident is ALWAYS an at fault accident. So you slipped on ice? well then perhaps you were going too fast for conditions, as there’s hundreds of other drivers also driving on ice and not getting into single car losses. If you struck a tree – would you consider that to be the fault of the tree? No. Therefore, yes it is fair that your insurance premiums go up – because you caused an accident, therefore making you a more at risk driver.
It’s only fraud if you collect money not due you
If you do not report an accident that does not involve anyone else or cause property damage to someone else, that’s OK.
No, but most likely you will find a provision in your policy that requires you report all accidents to the insurer. You don’t ever want a claim denied due to failure to comply with the policy do you?
An accident is an accident, if you slid on ice, the insurance company would likely come back with, speed too fast for conditions. Law enforcement would do the same. While your insurance would still cover your damages, if you have comp/coll, your rates would still go up, unless your policy has a free ride for first time accidents.