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Originally posted by ChemEnhanced Mortyman: In this instance, there is no guarantee that the insurance company wouldn't increase rates as the third party is unidentified. In order for the insurer to waive the deductible and proceed under direct compensation they need to know there is a valid third party insurance policy. If they cannot determine that then it goes as a collision claim against the policy and its very rare that a collision claim doesn't increase your rates.

Direct Compensation only applies if the 3rd party is identified. Otherwise, hit & run is a collision claim, and i know most insurance companies will only increase your rate if your deemed at fault. If your insurance carrier charges you extra premium for something that is not your fault... I'd look into another carrier

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Originally posted by Mortyman Direct Compensation only applies if the 3rd party is identified.

Inaccurate... DC applies if there are a minimum of two identifiable parties involved and at least one in addition to the insured has insurance with an insurer licenced to write insurance in Ontario or signatory to the Ontario No-Fault Undertakings.

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Otherwise, hit & run is a collision claim, and i know most insurance companies will only increase your rate if your deemed at fault.

Incorrect, all collision claims result in a premium increase, non-at-fault collisions are normally DC losses, thus no increase.

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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