Should I accept a private settlement after a car accident?

Car Accident 31/05/2019 44 View

1 Answer

Admin

Be on your guard if the other party refuses to notify the police. If he acknowledges that he is at fault and initiates a gentlemen’s agreement to compensate your loss in private, it is important to take into account the true cost of a private settlement. Most insurance policies contain a condition that specifies the driver must notify the insurer on any accident resulting in damage to person or vehicle. Failure to do so may be deemed as a policy violation and your entire insurance coverage may be voided as a result

0 Upvote Downvote Reply 5 months ago