Not Reporting Accident Could Lead To More Peril: Auto Insurance Tips
According to the provincial insurance regulator, the Financial Services Commission of Ontario (FSCO), the consequences of breaching the contract with your insurer could include:
- A rejection of future claims on the unreported accident.
- A refusal to defend you if a lawsuit is filed against you.
- An increase in your insurance rates.
- The cancellation of your insurance policy.
- A refusal to renew your insurance policy.
When to involve the police
According to FSCO, the police must be called if:
- someone is injured;
- the total damage to the vehicles appears to be more than $1,000; or
- there is damage to the roadway or to property on or bordering the roadway.
In addition to these requirements, you must remain at the scene of an auto accident. Failure to do so may subject you to criminal prosecution.
You should also call the police if you suspect the involvement of alcohol or drugs, or criminal activity.
For more information on auto insurance, visit FSCO’s website at www.fsco.gov.on.ca.
- News Canada
Andrei Zakhareuski is the founder of Find-a-driving-school.ca. He has been writing for beginner Canadian drivers for several years.
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