When must you report an accident to the police if there is damage exceeding $250?

According to Guam law, if you're involved in an accident that results in damage exceeding $250, you are required to report the incident to the police within 10 working days. This timeframe is crucial for ensuring that authorities have a chance to document the accident officially, which can be beneficial for insurance claims, liability issues, and legal matters. Reporting within this period allows for accurate gathering of facts while memories are fresh and evidence is still firsthand, making it easier for the police to conduct a thorough investigation if necessary. Reporting beyond this timeframe can lead to complications, such as potential fines or difficulties in processing your insurance claim.

While immediate reporting is essential in certain scenarios, such as when there are injuries or immediate hazards, the specific requirement for damage valuation sets a different protocol. Similarly, while reporting within 24 hours or within 5 working days may seem reasonable, these durations do not fulfill the legal obligation set by the guidelines for reporting accidents in Guam. Understanding these timelines is important for adhering to local traffic laws and ensuring compliance after an accident.