Insurance and claiming
Discussion
I`m in a dilemma ,I hit a car damaging the bumper ,the driver ether wants my insurance details or £375.
The options are to pay him or let him claim off my insurance. I have 12 years ncb and a clean licence ,would I be better off paying him or letting him claim off my insurance. ?
I have no idea how much the insurance would increase and for how long .
Advice please.
The options are to pay him or let him claim off my insurance. I have 12 years ncb and a clean licence ,would I be better off paying him or letting him claim off my insurance. ?
I have no idea how much the insurance would increase and for how long .
Advice please.
You make it sound like he's blackmailing you. Is £375 a fair price for the damage - have you seen a quote?
As for insurance increase, Your insurer will know
When you claim, your NCB will be knocked back, normally to maybe 3 or 4 years NCB. (Depending on your current NCB and insurer)
Also, the 'discount' percentage that your new, reduced NCB will give you again depends on your insurer. And, because you've had a claim, there will now be an extra loading on your premium. You guessed, the amount will vary with insurer...
Why not plug your details into the meerkat thing with/without the claim, and see what difference it makes?
As for insurance increase, Your insurer will know
When you claim, your NCB will be knocked back, normally to maybe 3 or 4 years NCB. (Depending on your current NCB and insurer)
Also, the 'discount' percentage that your new, reduced NCB will give you again depends on your insurer. And, because you've had a claim, there will now be an extra loading on your premium. You guessed, the amount will vary with insurer...
Why not plug your details into the meerkat thing with/without the claim, and see what difference it makes?
CanAm said:
TwigtheWonderkid said:
What if you pay him and 3 months down the line he decides he's been injured. Then you're proper stuffed. Let your insurers deal with it, that what you pay them for.
Definitely this. Seen it happen too often. And the 24 other people who were in the car too.I don't come on to SP&L that often however there used to be a chap on here called LoonR1 (Richard, I think) who was a mine of useful information when it came to insurance questions. I even had occasion to PM him a couple of times and he was very helpful indeed. I believe he worked quite high up in insurance so knew what he was on about.
Is he still about?
Nice bloke
Is he still about?
Nice bloke
oblio said:
xjay1337 said:
He's not around anymore because he wasn't such a nice bloke after all.
Oh really?That surprises me
Can I ask what happened?
After a while loon stopped posting so all you have now its the opinionated.
We have lost a few actual experts like this. For every 1 expert we have 100 people willing to shout them down.
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