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Should you take cash following an Accident?

Should you take cash following an Accident?
 
While you may have trouble thinking clearly after being in an accident, it’s important to avoid doing anything you’ll regret later on. Try your best to stay calm, and handle the situation in a calm and assertive manner.
 
No matter how nice of a driver or how convincing the other individual is, it’s in your best interest not to accept cash following a collision, especially if you’re not even the one at fault.
 
People are bad at estimating repairs
 
Unless the person who hits you is a collision centre specialist – and an honest one at that – they’ll likely be unable to accurately assess the amount of damage done. Sure, you could end up getting more than you deserve, but it’s more than likely that you’ll receive less – especially if there’s hidden damage.
 
If the other driver is insistent on paying you cash, they may by trying to hide something from you and the authorities. You can’t concern yourself with that.
 
There could be hidden damage
 
As stated earlier, you could end up deeply regretting your decision to accept cash if you find hidden damage later on. If you’ve just been rear-ended, there are plenty of unseen problems that could arise. Damage to the exhaust pipe, suspension, unibody or behind the rear bumper are just a few of the possibilities.
 
To properly understand the extent of the damage, it’s wise to have a professional check it out, and not just for the extra money. You could be driving a vehicle that is unsafe without even realizing.
 
What you should actually do
 
Now that you know what not to do following an accident, it’s important to recognize what you should actually do.
 
If the total damage appears to be more than $1000, someone is seriously injured or the other driver committed a crime, it’s important to call 911 immediately. Otherwise, it’s fine to call a local police officer.
 
Don’t admit fault for the accident, even if you believe you’re the one liable for it. The insurance companies are responsible for figuring that out.
 
Try to take as many pictures of the crash as possible. It may seem like a mundane task, but it could really help you down the line, particularly if the other driver attempts to commit insurance fraud. If possible, remember to write down specific details about the accident.
 
Once that’s been completed – if safely possible – try your best to move your car out of harm’s way, preferably at the side of the road. Finish by exchanging names, phone numbers, addresses, license plate numbers and insurance information.
 
Finally, notify your insurance company about what happened.
 
Safe travels!