Front ended by HGV rolling back
Discussion
Was on the M1 last night and in stationary traffic. All caught on the Tesla cameras, but the HGV in front started to roll backwards. Had traffic behind and he couldn t hear the horn. Front end is a big v shape and took all my skills to get the thing to drive as it had made such a mess of the front bonnet latch which the car didn t like. Left it open and overrode the latch with my tools and taped the bonnet down.
Driver was (at the scene) totally accepting of his mistake. Called it into his firm and they sent me all the details of insurance. My wife was driving the car at the time.
Anyways, not had a crash in all my driving and was going to ask the simple what to do and what to consider. It s a lease car through my company. Looks like bumper, bonnet and wings. Car probably worth £18k trade as it s on 63k. Need another set of wheels and this one also Is due back end of July. Wondering how it’s going to push up all my other policies on the non mundane cars and bikes .
Thanks
Driver was (at the scene) totally accepting of his mistake. Called it into his firm and they sent me all the details of insurance. My wife was driving the car at the time.
Anyways, not had a crash in all my driving and was going to ask the simple what to do and what to consider. It s a lease car through my company. Looks like bumper, bonnet and wings. Car probably worth £18k trade as it s on 63k. Need another set of wheels and this one also Is due back end of July. Wondering how it’s going to push up all my other policies on the non mundane cars and bikes .
Thanks
Edited by Familymad on Friday 1st May 06:17
Familymad said:
Wondering how it s going to push up all my other policies on the non mundane cars and bikes .
There will be a few posters along shortly to tell you that you'll DEFINITELY be paying significantly increased premiums for years to come - your insurance will go up by 50000000% at least.But it really depends entirely on the insurers you use and other circumstances. My (significant) fault claim made no difference to the policy I claimed on, and no difference to any other car I own.
davek_964 said:
Familymad said:
Wondering how it s going to push up all my other policies on the non mundane cars and bikes .
There will be a few posters along shortly to tell you that you'll DEFINITELY be paying significantly increased premiums for years to come - your insurance will go up by 50000000% at least.But it really depends entirely on the insurers you use and other circumstances. My (significant) fault claim made no difference to the policy I claimed on, and no difference to any other car I own.
Good example was when I expected a speeding fine and ran quotes, I found 2 of the absolute cheapest quotes (by far) were removed from the list, including my present insurer. Go back and enter a clean licence, £90 saved on the average quote.
I could, if I wanted, be paying £400 a year as opposed to £135 - if the £400 becomes £401 after a claim, it's still a crap deal overall.
jondude said:
davek_964 said:
Familymad said:
Wondering how it s going to push up all my other policies on the non mundane cars and bikes .
There will be a few posters along shortly to tell you that you'll DEFINITELY be paying significantly increased premiums for years to come - your insurance will go up by 50000000% at least.But it really depends entirely on the insurers you use and other circumstances. My (significant) fault claim made no difference to the policy I claimed on, and no difference to any other car I own.
Good example was when I expected a speeding fine and ran quotes, I found 2 of the absolute cheapest quotes (by far) were removed from the list, including my present insurer. Go back and enter a clean licence, £90 saved on the average quote.
I could, if I wanted, be paying £400 a year as opposed to £135 - if the £400 becomes £401 after a claim, it's still a crap deal overall.
I wasn't already paying "high premium" and it stayed "not high".
davek_964 said:
Familymad said:
Wondering how it s going to push up all my other policies on the non mundane cars and bikes .
There will be a few posters along shortly to tell you that you'll DEFINITELY be paying significantly increased premiums for years to come - your insurance will go up by 50000000% at least.But it really depends entirely on the insurers you use and other circumstances. My (significant) fault claim made no difference to the policy I claimed on, and no difference to any other car I own.
I too had a "no fault" claim (car was parked on the road, hit full on the rear by someone texting while driving, car was sent down the road into the next parked car so front & rear write off) cost of my claim was £5850, no change to renewal.
Familymad said:
Anyways, not had a crash in all my driving and was going to ask the simple what to do and what to consider. It s a lease car through my company. Looks like bumper, bonnet and wings. Car probably worth £18k trade as it s on 63k. Need another set of wheels and this one also Is due back end of July. Wondering how it s going to push up all my other policies on the non mundane cars and bikes .
Are you intending to let the lorry insurance handle it?Are there such things as Tesla approved repairers? If it's going to be repaired then the repair needs to be spot on otherwise the lease company will kick off on return.
If it's written off the insurance company should sort out the value with the lease provider. You may have to pay any shortfall.
Sorry about the incident.
Just on the Insurance premiums, as it stands no-one not even your existing Insurers will be able to tell you what if anything the premium increase will be as it is dependent upon the timing of the quote and whether the actuarial data is complete and altered at that time which is how their quotes are based.
There will also be a degree of computer aided modelling but also factored in will be the total cost of the repair and also how long you have been a customer etc.
And then even if the price does increase " by a lot " shopping around will no doubt see a reduction to this.
Each Insurer will use their own data.
Insurance is cyclical and over the last 12 months or so premiums have been generally reducing.
In the real world of experience I had a fault claim in my Aston and iirc correctly the following years premium with the same Insurer that paid the loss went up 10%.It was a "personal fleet " policy so difficult to say what the increase was on the other cars at the time but I suspect very little based on the agreed value equation at the time.
Just on the Insurance premiums, as it stands no-one not even your existing Insurers will be able to tell you what if anything the premium increase will be as it is dependent upon the timing of the quote and whether the actuarial data is complete and altered at that time which is how their quotes are based.
There will also be a degree of computer aided modelling but also factored in will be the total cost of the repair and also how long you have been a customer etc.
And then even if the price does increase " by a lot " shopping around will no doubt see a reduction to this.
Each Insurer will use their own data.
Insurance is cyclical and over the last 12 months or so premiums have been generally reducing.
In the real world of experience I had a fault claim in my Aston and iirc correctly the following years premium with the same Insurer that paid the loss went up 10%.It was a "personal fleet " policy so difficult to say what the increase was on the other cars at the time but I suspect very little based on the agreed value equation at the time.
Familymad said:
It s a lease car I took out through my own LTD, so it s my car just not my favourite one!! Wife was on my policy so it still feels like all my issue !!
Who is the policyholder, you or your company? If it’s your company, then that’s fine. If it’s you, is your insurer aware that the car is leased to your limited company?
Sheepshanks said:
Sebring440 said:
How does this help the OP?
If they're not sure, they may want to avoid involving their own insurance company.....Sebring440 said:
Sheepshanks said:
Who is the policyholder, you or your company?
If it s your company, then that s fine. If it s you, is your insurer aware that the car is leased to your limited company?
How does this help the OP?If it s your company, then that s fine. If it s you, is your insurer aware that the car is leased to your limited company?
Technically the insurance should be in company name if the lease is in company name...
Luckily the risks to the insurance company do not change, so whilst it might get messy, they can't really refuse to payout.
Pit Pony said:
In law, there is a clear distinction between the two. The Ltd company is vicariously liable for all the risks anyone authorised to drive it take. The Ltd company has no insurance...... Who is paying the insurance? Company direct, or Employee (and main shareholder) who is reimbursed via expenses...
Technically the insurance should be in company name if the lease is in company name...
Luckily the risks to the insurance company do not change, so whilst it might get messy, they can't really refuse to payout.
It's third party claim so he'll be OK anyway but his insurer might get the hump. They vary - some are fine with it, some don't allow it at all. It comes up on here quite regularly.Technically the insurance should be in company name if the lease is in company name...
Luckily the risks to the insurance company do not change, so whilst it might get messy, they can't really refuse to payout.
I had a non-fault yrs ago whilst parked in a field for an event - car next to me swung their door open and the wind caught it, several £hundreds of damage that they insisted went through the insurance
made over £400 difference in increased premiums the following year on 3 cars and 2 bikes.... rather frustrating
made over £400 difference in increased premiums the following year on 3 cars and 2 bikes.... rather frustrating
Speed Matters | Speed, Plod & the Law | Top of Page | What's New | My Stuff