Car accident - damage to property - help!!

Car accident - damage to property - help!!

Author
Discussion

walm

10,609 posts

201 months

Thursday 14th June 2012
quotequote all
10 Pence Short said:
It is still material information your insurer is entitled to know about when considering your risk level, irrespective of whether you claimed or not. If that weren't the case, those able to afford to fix their own and others vehicles without insurance, and had done so, would effectively pervert the ability of an insurer in assessing their risk in providing cover. Allowing the undermining of insurers' risk assessments in this way would not make commercial sense.
While I would NEVER advocate insurance fraud myself...

Of course it is material information.
But when replying to the question I suspect many take the view that the chance of a random insurer managing to contact bush lady and discover that I had in the past an accident that is on no police or insurance database, would be so infinitesimally small as to be worth bending the truth.

Otherwise why on earth would anyone settle an accident for a value > their excess?

Obviously these guys are attempting to lower their insurance costs to below what an insurer would normally charge IF ALL THE FACTS WERE KNOWN.

Of course all the facts aren't known and so we all end up paying a little more on our insurance in order to cover these more risky chaps on lower than optimal premiums.

You can perfectly well run a commercial business like this.

daemon

Original Poster:

35,724 posts

196 months

Thursday 14th June 2012
quotequote all
Thanks everyone for taking the time to reply - i've read each of them in full.

Got the quote through last night for 5 shrubs in her garden. £20 short of £2,000! The tree is costing £1,000 the other 4 shrubs come to £700 and £300 of labour.

The fencing looks like its going to come in at around £1,000 on top of that.

So given those figures i've had to put it through the insurance.

Oh well....

Zeeky

2,779 posts

211 months

Thursday 14th June 2012
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It would be interesting to know if the insurance co pay the full amount or follow the reasoning in Bryant v Macklin case.

MJK 24

5,648 posts

235 months

Thursday 14th June 2012
quotequote all
Devil2575 said:
You buy an E30 BMW M3 10 years ago for £10k. Values have risen over the last 10 years and now an equivalent car will cost £20k. Wouldn't you expect the insurer to pay out £20k?
Yes. I bought a Volkswagen Scirocco for £200 in 1999. I was involved in a non fault accident in 2010 where someone made an ill judged right hand turn in front of me and I hit them. The third party admitted full responsibility. I agreed a value of £1,750 for my car with their insurers. They let me retain the (very lightly damaged) salvage for an amount of 16% (£280). I was forwarded a cheque for £1,470. My car was insured for market value. I was able to prove market value via completed listings on eBay.

I was fortunate in the fact that £55 and a few hours of my time returned my car to full health though it'll be blighted as a Cat C for evermore.

MJK 24

5,648 posts

235 months

Thursday 14th June 2012
quotequote all
daemon said:
Thanks everyone for taking the time to reply - i've read each of them in full.

Got the quote through last night for 5 shrubs in her garden. £20 short of £2,000! The tree is costing £1,000 the other 4 shrubs come to £700 and £300 of labour.

The fencing looks like its going to come in at around £1,000 on top of that.

So given those figures i've had to put it through the insurance.

Oh well....
Best you can hope for it your premium next year stays the same. More likely is an increase of 10-15%. A pain up the arse but not the end of the world. It's someone else's problem now so just forget about it smile

standardman

424 posts

167 months

Thursday 14th June 2012
quotequote all
"I was fortunate in the fact that £55 and a few hours of my time returned my car to full health though it'll be blighted as a Cat C for evermore."

When that happened to me I only dealt with the third party , when they threatened a CAT D against my car I told them to go fk themselves. They were merely settling my losses, third party had no right to do anything with my car. I won, full respray for scratch and dent ! .