Best Options for Handling Damage to My Parked Car
Last night, after going to the gym, I found that someone had hit my parked Civic in a garage in Massachusetts. Fortunately, they left their contact information, and we spoke today. They’ve agreed to cover the repair costs. I recently got my driver’s license about eight months ago, and my insurance is quite high due to my age (under 25), my car being 15 years old, and the fact that I only have the minimum coverage with no collision insurance.
The other driver is willing to pay out of pocket for the repairs, but if the costs are too high, they mentioned going through insurance. They assured me that if they choose to go through insurance, there would be no impact on my policy. However, I’m uncertain about the best way to proceed. As I’m relatively new to this country and just graduated, I have some questions:
- Will my insurance provider find out about this incident even if they pay out of pocket?
- Should I inform my insurance company about the situation?
- Given that Massachusetts is a no-fault state, will my premiums increase regardless?
- What steps should I take next?
I would really appreciate any advice or insights on how to handle this situation. Thank you!
It’s great that the person who hit your parked car is willing to take responsibility for the damages. Here are some points to consider as you weigh your options:
If the damages are extensive and they choose to go through insurance, consult with them on how they intend to handle it. Sometimes, going through insurance could lead to higher premiums for both parties, even if they say it won’t affect your rates.
Informing Your Insurance:
It’s typically wise to inform your insurance about the incident, even if you’re not filing a claim. Policies often have requirements about notifying them in case of any accidents, and keeping them in the loop can help avoid potential issues down the line.
No-Fault Insurance in MA:
In a no-fault state like Massachusetts, each driver’s insurance typically covers their own damages regardless of who was at fault. This means your rates might not increase due to this incident unless you file a claim. That being said, if the other driver goes through their insurance, it should not directly affect your premiums.
Next Steps:
Document Everything: Keep records of all conversations, agreements, repair estimates, and any payments made. Photos of the damage and the accident scene can also serve as valuable documentation.
Consider Your Long-Term Insurance Costs:
Ultimately, managing the situation directly with the other driver, securing agreements in writing, and keeping your insurance informed will help you navigate this incident smoothly. Good luck!