If I was involved in a very minor car accident in a parking lot and it was my fault, should I file through my insurance or try to settle with the other person involved?
Md Ariful Islam
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Dr. Md Rushad Rahman
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This depends on the severity of the damage. If you have an excess or deductible that you would need to pay in order to claim, this may be higher than the actual cost to repair the damage, and you might want to pay for the repairs from your own pocket. However, it would be beneficial to notify your insurer of your accident (even if you don't claim), as you may be required to do so under your Duty of Disclosure.
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