Accident forgiveness protects you against the first accident that you are involved in, in the event you are deemed “at-fault.” It basically waives the claim from your policy and doesn’t have any impact on your insurance rates.
You can learn more about what to do if you are in an accident from this blog post, I Had a Car Accident and it was My Fault. How Does that Impact My Insurance?
You need to maintain coverage on your car until the ownership officially changes over to the new driver. Until someone else owns it, you’re responsible for it. And even if your car is just sitting in the driveway, it’s still at risk of things like theft or fire or other damage (from trees, for example), so you’ve got to keep your coverage. It’s also wise to make sure that anyone who test-drives your car has a valid licence and insurance.
The first thing you should do is pull off the road as soon as possible. Once youre safely off the road:
If you’re involved in a hit-and-run accident (which hopefully never happens), make sure you report it to the police within 24 hours. If the police tell you that the damages are too minor to report, take down the officer’s name, badge number and phone number, and then call us.
If the damage was done when you were not present, and no note was left, it will be considered a hit-and-run claim. In this case, you still need to report the damage to the police and obtain a report.