Insurance question

[jonf]

Quick hypothetical question for the insurance folk on the forum.

Let's say person X scratches person Y's parked car in a parking lot. Person y is present at the time, and asks person x for their insurance info, which is freely given. Person y refuses to reciprocate, and gives only their name.

If person Y proceeds with a claim (let's assume for argument's sake that X is proven to be at fault), is their claim undermined/invalidated by their failure to provide insurance info?

[chipandput]

QUOTE=jonf;336718]Quick hypothetical question for the insurance folk on the forum.

Let's say person X scratches person Y's parked car in a parking lot. Person y is present at the time, and asks person x for their insurance info, which is freely given. Person y refuses to reciprocate, and gives only their name.

If person Y proceeds with a claim (let's assume for argument's sake that X is proven to be at fault), is their claim undermined/invalidated by their failure to provide insurance info?[/QUOTE]



My wife is an insurrance broker.

The answer is no.

Person Y didn't have to give infos about her insurrance company.

You have to give your infos.

When you hit someone you give your insurrance infos, driver licence's number and the person will call her company who will send the car to be fix and it should not be considered as a claim by your company.

It happen to me lately.

Hope it helped.

Mario

[Sakuraba]

For a long time in Canada, insurance companies have had a direct compensation agreement with one another.
In a nutshell, this means you deal with your insurer for claims on your car. In order for Y to make a claim under direct comp as outlined above, they will need X's info. Y reports to Y's insurance, and has their vehicle repaired. Y's insurance company transmits a 3rd party report to X's insurance company, who accordingly raises X's insurance rates.
Thats why in these situations, sometimes X should consider paying to have Y's scratch fixed out of his own pocket.
Occasionally, Y won't have any insurance on their car, in which case it is crucial to get X's info, because that would be the one case where you would present a claim directly to X's insurance company.