Drivers could immediately invalidate their car insurance by not informing their insurer about an accident.
Accidents are incredibly common on the road and according to the World Health Organisation, more than 1.25 million people die each year in road traffic crashes.
Between 20 and 50 million people worldwide also suffer from non-fatal injuries from crashes.
While not all crashes are fatal and some are incredibly minor drivers must still report.
The reason for this is because you run the risk of inadvertently invalidating your insurance cover by failing to.
Common terms in motor insurance policies require drivers to report an accident and any consequential damage to the insurer.
If you do not then your policy could be void and the insurer may not pay out when you have a crash or accident.
Lee Griffin, a founding member of GoCompare, explained to Express.co.uk why you need to declare a car accident, even if it’s minor, with the insurer.
“A common area of potential misrepresentation concerns claims and losses,” he said.
“Some drivers mistakenly believe that they do not have to declare damage to their car if they paid for the repairs out of their own pocket or for a claim which was not their fault and was settled by the ‘at-fault’ driver’s insurer.
“Typically, insurers require information on all incidents within the last 5 years – so, both of these types of incidents would have to be declared.
Lee continued, “The consequences of withholding or giving false information to obtain cheaper car insurance can be severe.
“Far from saving money, being untruthful can be costly should you need to make a claim and may even lead to your policy being cancelled or invalidated.
Published at Sat, 09 Mar 2019 07:30:00 +0000