Informing insurance company - do I have to?
I drove into the back of another car today and minimal damage was caused. His bumper popped off a little and my licence plate has broke. We exchanged details, name, phone number and licence plate details and he said he'd call me on Monday to discuss whether we can settle without involving insurance companies or whether we do need to use them.
Do I still need to let my insurance company know and if we do settle outside should I get some form of confirmation from him stating the matter is now closed? I don't want it coming back and haunting me at a later stage
Do I still need to let my insurance company know and if we do settle outside should I get some form of confirmation from him stating the matter is now closed? I don't want it coming back and haunting me at a later stage
Asked on 6 April 2013 by spaulb
Answered by
Honest John
If neither of you inform your insurers then ok not to inform them. But if either of you do then both must because they will know anyway and will hold it against you as a 'non disclosure' if you do not tell them.
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