Insurance excess on 3rd party claim ?
Discussion
So my young lad rings me telling he nudged a garage wall while reversing at night in an awkward spot. Not even a mark on his bumper but the concrete palisade type wall crumbled and broke one panel. He did the right thing and gave the owner his details who rightly wants it fixed. She has come to him with a price of £550 which doesn't seem unreasonable too me/us.
The question is, If he claims on his insurance for JUST her damaged wall and not his car, does he still pay an excess ? I've gone through his T&C's as best a layman can, and cant see any reference too it. His excess is only £200 so cheaper than the repairs and his premiums are only £600odd so cant see them going up 'that' much .
Regards
The question is, If he claims on his insurance for JUST her damaged wall and not his car, does he still pay an excess ? I've gone through his T&C's as best a layman can, and cant see any reference too it. His excess is only £200 so cheaper than the repairs and his premiums are only £600odd so cant see them going up 'that' much .
Regards
OK so that kind of sums up my thoughts. My other son crashed a couple of years ago and didn't pay an excess as his car had nothing but a scratch. As they only paid out for the third party and not his car he didn't have to pay an excess. I didn't know if that was the norm or unique to his policy. I couldn't find any reference to this sons policy so wanted to check before calling Ins co.
Many thanks.
Many thanks.
For completeness, a very small number of insurers (XS Direct are the only one I know of, as far as personal policies go at least) do apply the excess to both third party and own damage claims. But they're very much the exception - specialist companies at the bottom end of the market. In 99% of cases, and certainly any involving the big household name insurers, the excess is only payable if you claim for damage to your own car.
In conclusion, I spoke with Ins Co via live chat and they confirmed excess is only payable when claiming for damage to your OWN property. If claiming for damage caused to a 3rd party by yourself but not for your own car there is no excess payable.
He is 21 and pays peanuts for insurance so cant see the increase costing more than the repairs. His policy went down after a total loss claim after his first year driving !
He is 21 and pays peanuts for insurance so cant see the increase costing more than the repairs. His policy went down after a total loss claim after his first year driving !
That's interesting, why did his ins co talk to you about his ins policy?
Just curious.
Just curious.
fastbikes76 said:
In conclusion, I spoke with Ins Co via live chat and they confirmed excess is only payable when claiming for damage to your OWN property. If claiming for damage caused to a 3rd party by yourself but not for your own car there is no excess payable.
He is 21 and pays peanuts for insurance so cant see the increase costing more than the repairs. His policy went down after a total loss claim after his first year driving !
He is 21 and pays peanuts for insurance so cant see the increase costing more than the repairs. His policy went down after a total loss claim after his first year driving !
BertBert said:
That's interesting, why did his ins co talk to you about his ins policy?
Just curious.
They didn't speak to me about his specific policy but rather them as a company. I asked them as a generic question, they replied with the info above. From previous experience with our other son, Google and now current Ins Co..this appears to be industry standard that no excess is payable unless claiming for damage to your own insured property/car. Just curious.
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