Accidents happen all the time and vehicle accidents on the road are no exception. In fact, scouting around the internet reveals that the odds of being involved in a car accident in the next 10 years is 88-1, and a fatal one 606-1. So what should you do if you are involved in an accident, and what should you do if your leased vehicle is involved?
There is plenty of advice out there to give you the dos and donts when it comes to behaviour when involved in an accident - Which, Accident Exchange, and The AA being some of the better ones - but here is a set of guidelines to follow.
You also need to report the accident to your insurance company within a reasonable time, even if you are not claiming yourself, as failure to do so can invalidate your cover.
You don't have to submit a claim if you decide to pay for the repairs yourself in order to preserve your no claims discount, because the cost of losing your no claims bonus may be more than the cost of paying for the repairs yourself. But you do still need to tell them that you have been in an accident and you should supply this information in a letter, telling your insurer what happened, but making it crystal clear that this is for ‘information only’ and that you don’t wish to make a claim.
This is because its helps to cover the fact that the other driver may claim against you, even if there was no personal injury involved. Whether or not you feel that you have no responsibility for the accident , if someone thinks that you are, they have the right to request your insurance details - and not always at the scene of the accident. .
Your insurance policy will have a clause in it stating that it is compulsory to report any accidents to your insurance company within a reasonable time, even if you don’t want to claim yourself - and that reasonable time will actually be stated too! Failure to comply may result in you failing to get insurance in the future from your current insurer and maybe others too.
Whether or not the accident is your fault, it is important to get a detailed description of what happened along with as much information as possible - and this means collecting as much information - photographs and notes - as you possibly can while at the scene. Make use of the camera available on phones, and as difficult as it may be:
Scene - Make a note of the date and time, the address and location of the accident, what both the weather and traffic conditions were like, and take pictures of any road markings, road signs and traffic signals.
Vehicles - Note down the make, model, registration number, colour, and condition of all vehicles involved. Make sure that you write down details of the estimated speeds at the time, the direction the vehicles were going in, the number of people involved (including passengers) , and whether any lights were on and/or indicators used.
People - Collect the contact details of other drivers involved as well as passengers, pedestrians and witnesses. It may be an idea to note down a description of the other driver(s) including any distinguishing features as well as the details of any police officers involved.
Damage - Make sure you collect and photograph any damage to vehicles and property as well as any injuries to people involved
Any damage to the car that is covered by insurance needs to be carried out to their specifications, and a courtesy call to your leasing company would be expected.
If your lease vehicle has been declared a 'total loss' - that is: written off or stolen – the most important thing to do is contact Nationwide Vehicle Contracts immediately. This is so we can inform your finance provider who will insist upon written confirmation from your insurance company that the vehicle is a total loss before providing an amount for settlement of the vehicle contract.
All negotiations with your insurance company are your own responsibility and the finance provider will not contact them; instead contacting you for all requirements.
It’s worth noting that your finance provider will not enter negotiations with your insurance company – this must be done by yourself.
If you have any questions with regards to this, and with any other aspect of what is involved in leasing a car, take a look at the FAQ section of the website here where you can find the answers to many of the questions that customers often have about leasing.