What could be a potential consequence of not reporting a traffic collision on private property, according to the guidelines?

Not reporting a traffic collision on private property can lead to missed documentation of serious incidents, which is a significant consequence. When an accident occurs, it is crucial to have a formal record of the event for various reasons, including insurance claims, legal requirements, and accountability. Without proper documentation, there may be a lack of evidence to support any claims or disputes that arise afterwards. This can hinder the ability of those involved to resolve issues related to damages, injuries, or liability. Therefore, failing to report can result in serious ramifications for all parties involved, especially if the situation escalates or leads to further complications. Proper reporting ensures that all incidents are recorded officially, which contributes to resolving any matters that may arise in the future.