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Originally posted by ChemEnhanced Moral....you are fogetting one thing....the increase in premium will last 5 years....I guarantee it will be more then the cost of repairs. The problem is....if you turn around and offer to settle the damages with the other party then you could run into a coverage issue with your insurance company because you have admitted fault...that would only concern your own damages, which I assume are none by the details of the accident.

That is possibly true. It is also possible that there will be no premium increase. As would be the case if he were with State Farm or Kingsway General who will not take third party reports.... if he's with either of those companies then he's fine unless he makes a claim.

If you are going to settle privately PM me and I'll hook you up with a release form so that the other party can't sue you for bodily injury two years from now. Additionally, the release states that the other party recognizes no liability on your part.

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Originally posted by RickyM you're just a shit version of Moral Hazard. At least he knows what he's talking about.

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Originally posted by pkcRAISTLIN lol, i love it when moral feels the need to lay the smack down

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Originally posted by Moral Hazard If you have an insurance broker give them a call and ask how much an at fault accident would effect your rates. If that amount is less then the quotes provided by the other party plus the cost of renting them a vehicle during the repair period (they are entitled to this by law) then tell them to go to their own insurance company. I am an insurance adjuster, if you need any further advise or have questions PM me, I'll be happy to help.

Thanks so much! Actually, I don't want the insurance company to get involved at all. Those ______s will make me pay for the rest of my life. Is it true though that they can't make a claim if it has been more than 24 hrs since the accident?

My mom works with this women whose father owns or works at a dealership. she said they can probably fix it for less than a 100 bucks!! I find that hard to believe but I guess we'll have to see.

Thanks everyone for all the info. I'll let u know what happens.

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Originally posted by ChocolateTrance Thanks so much! Actually, I don't want the insurance company to get involved at all. Those ______s will make me pay for the rest of my life. Is it true though that they can't make a claim if it has been more than 24 hrs since the accident? My mom works with this women whose father owns or works at a dealership. she said they can probably fix it for less than a 100 bucks!! I find that hard to believe but I guess we'll have to see. Thanks everyone for all the info. I'll let u know what happens.

They can only charge you increased premiums due to an at fault accident for 6 years (after which the accident is removed from your driving record).

The other person has 1 year to make a claim against their own insurance company for the damage to their vehicle (under the Ontario Automobile Liability Policy and the Insurance Act). They have two years to make a claim against you for damage to their person, which is to say personal injury (Limitations Act).

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Originally posted by RickyM you're just a shit version of Moral Hazard. At least he knows what he's talking about.

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Originally posted by pkcRAISTLIN lol, i love it when moral feels the need to lay the smack down