If you are sure you have caused a car accident, shouldn't you just admit fault and save everybody all the trouble of determining liability? On the surface, this seems like good advice, but if you dig a little bit deeper, you will realize why it's a terrible idea. Here are several reasons you should never admit liability after a car crash:
Your Insurer Doesn't Want You to Do It
Most insurers will tell you not to admit fault even after causing the accident.
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When you're going through a divorce, stress can make it difficult to focus on important information—such as finances. That lack of focus may come back to haunt you during the settlement negotiations. If you're in the process of a divorce, it's important that you pay close attention to your finances, particularly the assets that you and your spouse share. Paying attention to your assets will help ensure that they're divided fairly in the settlement.
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It is often easy to figure out liability issues when your car accident is caused by another driver, but what happens when there is no other driver, but the accident is caused by the road condition itself? It has been estimated that potholes alone cost motorists more than $6.4 billion per year. Will you have to eat the cost of your repairs, or will you be able to go after the governmental agency responsible for fixing the road?
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