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> In Europe the most likely response to such a minimal accident would be two parties getting out of their car, assessing the damage - if any - filling out a for
by dclowd9901 9y ago
> In Europe the most likely response to such a minimal accident would be two parties getting out of their car, assessing the damage - if any - filling out a form and getting on with their day after taking some pictures and shaking hands.
We actually have enough of a disincentive here to not report accidents to insurance companies because of its effect on long term rates, that this tends to be the outcome of most (anecdotally) auto accidents. I've been in 4 accidents in my lifetime, half my fault, and they've been completely out of the system. Most people have bigger fish to fry like exorbitant healthcare costs, or a racist president.
- DanBC 9y ago> We actually have enough of a disincentive here to not report accidents to insurance companies because of its effect on long term rates, The UK had to regulate this because insurance companies were pushing Uberrimae fidei a bit too much. If you've had an accident and not reported it too them you're not acting in utmost good faith. They were using previous undeclared accidents as a reason to avoid paying out for later accidents.