After an at-fault accident, several consequences typically follow, impacting your legal, financial, and insurance status. Initially, you must report the accident to your insurer, who will often be responsible for covering the damages to the other party’s vehicle or property, and possibly your own, depending on your coverage. Legally, you could face penalties, such as fines, if any traffic laws were violated. Your car insurance premiums are likely to increase because you present a higher risk to the insurer, making it more expensive when you renew your policy. If someone sustained injuries, you might be liable for medical bills and compensation claims. Your insurance policy might cover these, but if the cost exceeds your coverage, you may have to pay out of pocket. Additionally, your driving record will reflect the accident, possibly impacting future job opportunities requiring a clean driving history. Understanding these potential outcomes can help you better prepare and manage the situation following an at-fault accident.
What are the consequences of being involved in an at-fault accident?
