Do both parties need to report to insurance after a car accident?
1 Answers
It is not mandatory for both parties involved in an accident to report to insurance. Private settlements don't require insurance company involvement, but if private settlement fails, then reporting to insurance companies becomes necessary. Compensation methods: In a rear-end collision where the other party is fully at fault, the repair costs for both vehicles will be covered by the insurance company of the at-fault party. The involved party can claim compensation from the insurance company by providing: the accident liability determination certificate issued by traffic police, mediation agreement, copies of both drivers' licenses, vehicle registration certificates, and compulsory traffic insurance documents. Claims process: 1. Report the accident: Preserve the accident scene and immediately notify your insurance company after the accident occurs. 2. On-site handling: Traffic police arrive at the scene and issue an "Accident Determination Certificate" on site. 3. Third-party repairs: If the third party involves non-motor vehicles, it's best to request the insurance company representative to facilitate a three-party (third party, insurance company, vehicle owner) agreed damage assessment price during on-site handling. If immediate damage assessment isn't possible, request the insurance company to provide an assessment price during or before the third-party damage evaluation process.
