Just had a bump - advice needed

Backbiter

Just had my first accident after 28 years on the road - a head on bump on a single track country lane. No one hurt but I'm sure my 10-yr-old VW is a write off.
The 19 yr old driver who hit me was going too fast and couldn't brake in time. He was shaken up and shocked at the implications of what he'd done: written off his car, my car, higher premiums etc.
He doesn't want to go through his insurance as he fears he'd be uninsurable. He didn't have his details anyway, but I took down contact details off his licence. He's offered me £750 for my car so I don't have to claim.
It's a fair offer in terms of what I'd get for the write-off from the insurance, but there are complications:
I need a car now and so does my daughter who needs it to get to work. My ins.co. would give me a courtesy car while waiting for the assessors. (would my daughter be able to drive that as she's on my insurance?).
Are there any legal implications of not informing the insurers?
He assures me he is covered but he is desperate to avoid a claim.
My policy is protected so a claim wouldn't affect my premiums.

All advice gratefully received

debsy42

When my car was written off I didn't get a hire car. My policy only offers one if the car is repairable. I would check your policy carefully.

Backbiter

Thanks for your replies. The issue has been resolved by the other driver's mother who's contacted her insurance anyway - so my question is irrelevant now!

xycom1

If your car was only worth £750 or less anyway then I would have grabbed the cash ASAP and go and buy another car...!?!

gazhawkins

There is no legal obligation as such, to inform insurance companies in event of an accident. Technically however, as a condition of any insurance policy you would have to declare any "material facts" in your possession for the insurance contract to be valid.

This assumes of course that both parties have the minimum cover specified under the Road Traffic Act.

In the event of any injuries, you must inform the police - this is a legal obligation.

Hintza

Think you were lucky. Obviously the chap was from a well brought up background to accept responsibility. To easy in these situations to deny responsibility and say no the other guy was going tooo fast etc...

Great to hear you got it sorted. If it had been me and offer was OK I would have been tempted to work on the principle that a bird in the hand.... is the better option.