Should I contact my insurance company about this fender bender?
My wife and I just purchased a used late model suv last week. I had it added to our insurance yesterday. This morning, she called me at work and said she backed into someone in the parking lot dropping off our child at daycare. Our vehicle has a small scratch, and the other vehicle has a small dent. The other person's car has several dents and scratches in the same area from other incidents I guess. They didn't file a police report but took down each others insurance info. Neither person took photos. The woman said she would talk to her husband and decide if it is worth filing a claim. Should I call my insurance and give them a heads up, in case they file, or do nothing. I am just worried they might file against my insurance company and try to make us pay for the dent my wife caused, plus a lot more that she didn't do, or try to squeeze us for money.
Most insurance companies require you to report any incident involving damage to a car or property. Even if you decide to not file a claim, you still want to let your insurance company know, that way you are protected if the other party decides to file a claim. If a claim is filed, it can impact your rates for up to five years. Either way, I would definitely let my insurance company know what happened. It's better to be safe than sorry. Good luck and if you have any other questions, don't hesitate to ask.