SMYDSY Question

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Willy Nilly

Original Poster:

12,511 posts

166 months

Wednesday 25th March 2015
quotequote all
A young colleague got knocked off his 125 this morning. I have seen the pictures in the paper and it looks like a classic smydsy, woman pulled out of a side road into him.

He had his gear cut off him so that's buggered, not sure what state his bike is in and he's in hospital a bit beat up, so what will the procedure be for getting paid out and generally sorted out by the insurers? Gear, bike that sort of thing. What about compensation for not being about to work for a bit, he is far from a skiver, so he's not expected to claim for a load of stuff he didn't have.

Nels0n

235 posts

180 months

Wednesday 25th March 2015
quotequote all
He contacts his insurance company, explains the circumstances, and then they act for him.

defblade

7,395 posts

212 months

Wednesday 25th March 2015
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And then wait.
Nothing much will happen for ages.
If he's fully comp, he should be able to get money (less his excess) out of his insurance for repairs etc, who will then chase the other lot.
If he's not FC, his case is good, and money is tight, he may be able to get interim payment/s from his ins co/solicitors.

kenno78

321 posts

154 months

Thursday 26th March 2015
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Nels0n said:
He contacts his insurance company, explains the circumstances, and then they act for him.
This is good advice given he's in hospital. Hardest part will be deciding who is liable. If he had witnesses that is a big bonus.

I've also been knocked off recently and had a couple of witnesses. Fortunately I avoided a trip to hospital. His insurance company have admitted liability and it's pretty simple at the moment.

ccr32

1,968 posts

217 months

Thursday 26th March 2015
quotequote all
defblade said:
And then wait.
Nothing much will happen for ages.
If he's fully comp, he should be able to get money (less his excess) out of his insurance for repairs etc, who will then chase the other lot.
If he's not FC, his case is good, and money is tight, he may be able to get interim payment/s from his ins co/solicitors.
Be wary of doing this, as this will result in a claim going on his policy, impacting future premiums/no claims.

I'm no insurance expert, but when this option was put to me by my insurance company after being hit by someone else (who immediately admitted all fault), I told them where to go and that I would wait for his company to pay out.

The joke of it is that they still ended up putting the claim on my policy anyway - I had to ask them to change it to not show as a claim, but as an 'incident' only, as I did not claim, and yet it still affected my premium.

ETA: this was on a car policy, which I'm sure doesn't differ in this regard from a bike policy, but is worth noting anyway.

Willy Nilly

Original Poster:

12,511 posts

166 months

Thursday 26th March 2015
quotequote all
The person that hit him is to be prosecuted, the police told him he had no case to answer. I know where he was hit and saw the picture in the paper, the car had plenty of time to see him.

LoonR1

26,988 posts

176 months

Thursday 26th March 2015
quotequote all
ccr32 said:
Be wary of doing this, as this will result in a claim going on his policy, impacting future premiums/no claims.

I'm no insurance expert, but when this option was put to me by my insurance company after being hit by someone else (who immediately admitted all fault), I told them where to go and that I would wait for his company to pay out.

The joke of it is that they still ended up putting the claim on my policy anyway - I had to ask them to change it to not show as a claim, but as an 'incident' only, as I did not claim, and yet it still affected my premium.

ETA: this was on a car policy, which I'm sure doesn't differ in this regard from a bike policy, but is worth noting anyway.
What a load of bks. Perpetuating the same old drivel that a non-fault claim will always affect your policy, when it won't necessarily. In any event it should always be declared no matter who you claim through. Injury and other uninsured losses are always claimed off the other person's policy. Your bike is insured amd can either be claime doff your policy and they your insurer recoups it, or you claim directly off them

Makes no difference either way.

Stick to "not being an insurance expert" and ideally, stick to not passing comment about things you don't understand.

Deranged Granny

2,313 posts

167 months

Thursday 26th March 2015
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LoonR1 said:
Stick to "not being an insurance expert" and ideally, stick to not passing comment about things you don't understand.
LoonR1 elsewhere said:
I actually have no idea, but it's good for me to be able to spout a load of crap around something I know nothing about.

LoonR1

26,988 posts

176 months

Thursday 26th March 2015
quotequote all
Deranged Granny said:
LoonR1 said:
Stick to "not being an insurance expert" and ideally, stick to not passing comment about things you don't understand.
LoonR1 elsewhere said:
I actually have no idea, but it's good for me to be able to spout a load of crap around something I know nothing about.
Don't be a dick. You know that the little bit you've quoted was me being daft, as were the rest of my comments on that thread.

ferrariF50lover

1,834 posts

225 months

Thursday 26th March 2015
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Under what circumstances would a NF claim not affect a renewal?


LoonR1

26,988 posts

176 months

Thursday 26th March 2015
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ferrariF50lover said:
Under what circumstances would a NF claim not affect a renewal?
Loads. There are plenty of insurers who do not load for a non fault claim. There are loads of the, in the car world, and similarly quite a few in the bike world. There are plenty of examples in SP&L where so eone states "a non fault claim will mean yournpremium goes up" followed by a number of people saying that their premium didn't go up.

Some insurers load for it, some don't, and some even see it as a positive and reduce the premium (admittedly rare). It all depends on the experience of those specific insurers as to what happens.

ccr32

1,968 posts

217 months

Thursday 26th March 2015
quotequote all
LoonR1 said:
ccr32 said:
Be wary of doing this, as this will result in a claim going on his policy, impacting future premiums/no claims.

I'm no insurance expert, but when this option was put to me by my insurance company after being hit by someone else (who immediately admitted all fault), I told them where to go and that I would wait for his company to pay out.

The joke of it is that they still ended up putting the claim on my policy anyway - I had to ask them to change it to not show as a claim, but as an 'incident' only, as I did not claim, and yet it still affected my premium.

ETA: this was on a car policy, which I'm sure doesn't differ in this regard from a bike policy, but is worth noting anyway.
What a load of bks. Perpetuating the same old drivel that a non-fault claim will always affect your policy, when it won't necessarily. In any event it should always be declared no matter who you claim through. Injury and other uninsured losses are always claimed off the other person's policy. Your bike is insured amd can either be claime doff your policy and they your insurer recoups it, or you claim directly off them

Makes no difference either way.

Stick to "not being an insurance expert" and ideally, stick to not passing comment about things you don't understand.
Only speaking from personal experience. As you allude to and say above, a NF claim won't necessarily affect your policy, but will sometimes. It did affect mine, and I was passing that sentiment on.

To the point I was attempting to make, no claim was made on either persons policy in the end, and yet the fact that an incident was declared affected my premium despite 100% of fault being with the other party. Also that my insurers had documented this incorrectly such that a claim was put on my policy which I had to ask them to change, rather than them acknowledging the situation as it had already been described to them and doing this voluntarily.

My warning wasn't such that I meant that this happens in all cases, but is what happened to me.

LoonR1

26,988 posts

176 months

Thursday 26th March 2015
quotequote all
ccr32 said:
LoonR1 said:
ccr32 said:
Be wary of doing this, as this will result in a claim going on his policy, impacting future premiums/no claims.

I'm no insurance expert, but when this option was put to me by my insurance company after being hit by someone else (who immediately admitted all fault), I told them where to go and that I would wait for his company to pay out.

The joke of it is that they still ended up putting the claim on my policy anyway - I had to ask them to change it to not show as a claim, but as an 'incident' only, as I did not claim, and yet it still affected my premium.

ETA: this was on a car policy, which I'm sure doesn't differ in this regard from a bike policy, but is worth noting anyway.
What a load of bks. Perpetuating the same old drivel that a non-fault claim will always affect your policy, when it won't necessarily. In any event it should always be declared no matter who you claim through. Injury and other uninsured losses are always claimed off the other person's policy. Your bike is insured amd can either be claime doff your policy and they your insurer recoups it, or you claim directly off them

Makes no difference either way.

Stick to "not being an insurance expert" and ideally, stick to not passing comment about things you don't understand.
Only speaking from personal experience. As you allude to and say above, a NF claim won't necessarily affect your policy, but will sometimes. It did affect mine, and I was passing that sentiment on.

To the point I was attempting to make, no claim was made on either persons policy in the end, and yet the fact that an incident was declared affected my premium despite 100% of fault being with the other party. Also that my insurers had documented this incorrectly such that a claim was put on my policy which I had to ask them to change, rather than them acknowledging the situation as it had already been described to them and doing this voluntarily.

My warning wasn't such that I meant that this happens in all cases, but is what happened to me.
How can "no claim be made on either persons policy"? You freely admit ou claimed on his in your first post confused

ccr32

1,968 posts

217 months

Friday 27th March 2015
quotequote all
You tell me - i'm not the insurance expert! smile

LoonR1

26,988 posts

176 months

Friday 27th March 2015
quotequote all
ccr32 said:
You tell me - i'm not the insurance expert! smile
I can't tell you as it's impossible, that's why I was hoping you could explain it.

Spangles

1,441 posts

184 months

Friday 27th March 2015
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OP, what so you think 'SMYDSY' stands for?

ccr32

1,968 posts

217 months

Friday 27th March 2015
quotequote all
LoonR1 said:
ccr32 said:
You tell me - i'm not the insurance expert! smile
I can't tell you as it's impossible, that's why I was hoping you could explain it.
To clarify (in my case - this is what happened to me, and does not necessarily mean it will happen to anyone else):
-Person ("other party") hits me - admits all fault at the scene
-I call my insurance co. to begin claim process, and give them the details
-They inform me there and then that I would be able to get the repair done straight away (before they have agreed it with other party's insurance company), but doing so would result in a claim on my policy and affect my premium and NCB
-I say no thanks, and that I'll wait
-I get an independent quote for the work required, and inform the other party of the cost
-He agrees to pay me outside of insurance companies, which he duly does
-I call my company to inform them as such
-Renewal docs come through stating that I made a claim on my insurance, and increased premium as a result
-I call them to inform them, further to my previous communication with them and their own records, that no claim has been made, and that it needs to be removed from my policy
-They then reclassify it as an 'non-fault incident' rather than a claim
-End result is that my premium has gone up (confirmed by my insurance co.) despite no claim having been made on any insurance and the incident not being my fault, presumably because I am now seen as being more susceptible for being punted in the rear by a Lexus.

LoonR1

26,988 posts

176 months

Friday 27th March 2015
quotequote all
ccr32 said:
To clarify (in my case - this is what happened to me, and does not necessarily mean it will happen to anyone else):
-Person ("other party") hits me - admits all fault at the scene
-I call my insurance co. to begin claim process, and give them the details
-They inform me there and then that I would be able to get the repair done straight away (before they have agreed it with other party's insurance company), but doing so would result in a claim on my policy and affect my premium and NCB
-I say no thanks, and that I'll wait
-I get an independent quote for the work required, and inform the other party of the cost
-He agrees to pay me outside of insurance companies, which he duly does
-I call my company to inform them as such
-Renewal docs come through stating that I made a claim on my insurance, and increased premium as a result
-I call them to inform them, further to my previous communication with them and their own records, that no claim has been made, and that it needs to be removed from my policy
-They then reclassify it as an 'non-fault incident' rather than a claim
-End result is that my premium has gone up (confirmed by my insurance co.) despite no claim having been made on any insurance and the incident not being my fault, presumably because I am now seen as being more susceptible for being punted in the rear by a Lexus.
So "waiting for his company to pay out" actually meant settling with him in cash.

Your story is a bit convoluted and seems like a lot of effort for little gain. Especially as any claim on your policy would get logged as a non fault anyway when his insurer refunded all your insurer's costs.

The fact they load premiums for non fault claims is moot anyway as you should declare it whether you settle for cash or go through insurance.

CAPP0

19,532 posts

202 months

Friday 27th March 2015
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Spangles said:
OP, what so you think 'SMYDSY' stands for?
lol, I was just about to ask how you spell "I" with a "Y"!

ccr32

1,968 posts

217 months

Friday 27th March 2015
quotequote all
LoonR1 said:
So "waiting for his company to pay out" actually meant settling with him in cash.
Not exactly. I got a quote that I passed on to the insurers and on to him personally. He then asked if I'd like to settle in cash, to which I agreed.

LoonR1 said:
Your story is a bit convoluted and seems like a lot of effort for little gain.
Yep, it was a bit convoluted, and all seemed a bit unnecessary for the value of (what would have been) the claim. Given the lack of/miscommunication of information at the time and what I have learnt since, I now know how to approach a similar circumstance in the future.

LoonR1 said:
Especially as any claim on your policy would get logged as a non fault anyway when his insurer refunded all your insurer's costs.
This is something I have now learnt from you Loon - my insurance co. never once said this to me at the time that I recall (or understood - I am pretty sure I asked them the direct question in this regard however).

LoonR1 said:
The fact they load premiums for non fault claims is moot anyway as you should declare it whether you settle for cash or go through insurance.
I don't want to get into semantics as I am sure this is what you meant, but no claim was made, hence if I am asked to declare all 'claims', even non-fault, I would not declare this. Appreciate however (checking recently) that this is now given as "declare all 'incidents', regardless of fault, in the last 5 years" on most comparison sites, etc., in which case of course I would declare it.