Both parties will lose their license if a police report is taken. Both parties are still responsible for all damage incurred or injuries.
The claims process should be quite a bit easier. What some companies do is waive your deductible for both parties.
If you were at fault, your insurance co will cover the damages to the other vehicle ONLY, not your....and vise virsa.
The at fault party is still liable to pay the damages. Added: Both parties will probably be cited for driving without insurance as well.
After ANY car accident, even a fender bender, both parties should exchange insurance information, as well as have an officer report the incident, although many people fail to do so.
YES...IT IS A STATE LAW THAT EVERY DRIVER HAS CAR INS...THERE ARE MANY FINE DETAILS THAT WILL FOLLOW IF ONE DOESN'T BUT YES BOTH PARTIES DO HAVE TO SHOW PROOF OF INS.
The reason you need car insurance is for protection for both you and other parties. Without insurance, if you were involved in an auto accident, you would have to take the responsible party to court, which cost you time and money. Insurance covers this cost, as well as it finicially protects you. if you were found at fault for an accident, and did not have insurance, you would be responsible for all the damages and medical expenses for all parties involved. This could end up costing you several thousand dollars, which most of us could not afford. Insurance covers this cost, as well as insures that if you are injuried in an accident that wasnt your fault, that you are fully compensated for your injuries
no you won`t get it. You require both car insurance and it must be registered on your name.
the owner of the car as in you not your friends sorry
Your insurance will pay for the other persons car, and their insurance (if they have it) will pay for yours, if not, you can sue them. This is assuming that both parties are legally at fault.
No. you have to have filed the case before hand for both criminal records and insurance.
No, Homeowners insurance is for the house. it does not cover cars or car accident claims.
Car insurance and possibly health insurance if the car insurance does no cover the entire bill.