stevebubs
|
| posted on 7/3/06 at 02:39 PM |
|
|
Insurance - Ripoff?
Here's hypothetical one for you....
Driver gets hit twice within a year. Both non-fault accidents.
First accident goes through 3rd party's insurers no problems. Driver does not need to get his own insurance involved at all.
Second one they guy is a bastard and takes months to sort out. Driver has to get own insurance company involved. However, 3rd party's insurance
admits liability.
Will the driver be penalised come renewal time and, if so, can he claim against the other drivers for the extra cost?
[Edited on 7/3/06 by stevebubs]
|
|
|
|
|
jos
|
| posted on 7/3/06 at 03:07 PM |
|
|
Hypothetically
1. Probably
2. No, driver will in all probability spend more time, money and effort that the paying the additional premium.
.: Motorsport / motor racing circuit / track wall art Apex Traxs :.
|
|
|
gingerprince
|
| posted on 7/3/06 at 03:52 PM |
|
|
Technically driver should inform his insurance company about both incidents, when asked "any accidents or claims regardless of blame", so
even if someone hit your car and paid cash you're "supposed" to tell them - people often don't though.
As for whether the effect then you'll never "really" know, all insurance companies use different weightings. They shouldn't,
but they may see more than one non-fault claim as you being a regular wrong-place-at-wrong-time typa guy and stiff you anyway.
A good way to test is to go to an online insurance quoter and get a quote with 0, 1, 2, 3 non-fault claims and see if it makes a difference.
Online insurance thingies are useful for things like this, you can quickly see the impact of points, claims, garage-vs-street, alarm, moving to
different postcode etc. Very handy.
|
|
|
MkIndy7
|
| posted on 7/3/06 at 04:43 PM |
|
|
quote:
Originally posted by gingerprince
Technically driver should inform his insurance company
Yeh love that rule!, so they can add your postcode to the crime and at risk area information for that type of car! talk about shooting yourself in the
foot 
Who's gunna report it if they aren't claiming.
|
|
|
Mark Allanson
|
| posted on 7/3/06 at 06:05 PM |
|
|
In the first case, the insurance co will know about the first accident as the combined database is all seeing, all knowing and omnipresent. If your
name, or reg are recorded for any reason, even on just getting a quote, they will compare the details you declare on every one, and store it for any
insurer to view (listen to the warning when you call a claims department)
Second case, your NCB will be suspended and you will pay a higher premium (having had an accident within the last 5 years). Once your insurance
company reclaim the cost of the repairs from the other party, your NCB will be retored and the accident will be recorded as non fault. Your current
insurance company will refund the difference in cost, if you have a new insurer, you may have a bit more of a struggle (neigh on impossible!).
Good fun this insurance lark 
If you can keep you head, whilst all others around you are losing theirs, you are not fully aware of the situation
|
|
|
stevebubs
|
| posted on 9/3/06 at 03:25 AM |
|
|
quote:
Originally posted by gingerprince
Technically driver should inform his insurance company about both incidents, when asked "any accidents or claims regardless of blame", so
even if someone hit your car and paid cash you're "supposed" to tell them - people often don't though.
When the driver called them about the first one, they said they didn't want to know any details if it was all being handled by the 3rd party
quote:
As for whether the effect then you'll never "really" know, all insurance companies use different weightings. They shouldn't,
but they may see more than one non-fault claim as you being a regular wrong-place-at-wrong-time typa guy and stiff you anyway.
A good way to test is to go to an online insurance quoter and get a quote with 0, 1, 2, 3 non-fault claims and see if it makes a difference.
Online insurance thingies are useful for things like this, you can quickly see the impact of points, claims, garage-vs-street, alarm, moving to
different postcode etc. Very handy.
Driver tried this with elephant.co.uk and looks like they apply a 40% loading taking the quote from the low 500s mark to mid 700s.....
[Edited on 9/3/06 by stevebubs]
|
|
|
smart51
|
| posted on 9/3/06 at 03:59 PM |
|
|
I was once shunted (slightly) by a car not stopping quite as fast as me. only damage was a small crack in my bumper skirt. The guy paid for the
repair rather than claim on his insurance. I phoned my insurance company and they said they didn't want to know unless the guy didn't pay
up, in which case they'd help me. Very fair I thought.
|
|
|
