Quick question:
If there was a car collision involved in a parking lot, would insurance deem it as 50/50 aka no fault?
Would insurance increase for both parties?
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Quick question:
If there was a car collision involved in a parking lot, would insurance deem it as 50/50 aka no fault?
Would insurance increase for both parties?
Depends on what happened....
But anything 25% fault or more will affect your insurance.
As fault assessment is based on the insurance rules of fault determination it doesn't matter if it happens on the street, or in a parking lot. Fault is determined in exactly the same way.
ok thanks! :D
will let my co-worker know the dreadful news.
Most parking lot accidents are deemed 50/50. Unless your co-workers vehicle was parked and the third party struck your co-workers parked vehicle.
Untrue, as Rob has already stated, and as my wife found out. There are specific insurance fault determination rules for parking lots, codified into the Ontario Insurance Law:
Quote:
Originally Posted by "Ontario, Insurance Act, R.R.O. 1990, REGULATION 668, FAULT DETERMINATION RULES, Section 16
My agent told me parking lot/private property incidences are 50/50, unless someone admits 100% fault.
Someone backed into my car while at a Tim's (he was too busy eating, not watching). He admitted he wasn't paying attention to his insurance company and I was deemed not at fault, and all repairs were paid for, no deductable paid. When I got my bike insured my agent asked if I had any accidents and I said no, as HE had an accident, I didn't. Anyway, she said she sees the claim on my record but I'm NAF for it and it didn't affect my premium at all.