Your auto insurance policy is a contract. It’s an agreement that explains your and your insurance company’s duties and responsibilities. When you report your accident, it informs their insured about a covered accident.
Your accident report gives your insurance company the information they need to comply with their duties.
Here are several additional reasons for reporting your accident.
Your insurer needs to know about accidents so they can investigate the circumstances, protect your legal interests, and pay claims on your behalf.
When you delay reporting an accident, it sometimes prevents your insurer from protecting both your rights and their rights. If your delay creates significant problems in defending you or settling liability claims, your policy gives your insurance company the right to take appropriate coverage actions.
If you purchased Medical Payments Coverage, your insurer needs to know about any potential claims, so that they can pay your medical bills.
Your insurer needs to determine if they owe you an uninsured motorist injury settlement. Uninsured Motorist Coverage applies when an uninsured or hit-and-run driver causes your injuries. The coverage is mandatory under the Automobile and Motor Vehicle Insurance statute, §632.32(4).