Insurance question. I hit my own car!

[mirandamilly]

I was at work and I drove into my own, personal car in the work forklift.

I ve caused at least a grand s worth of damage to my car.

Any advice about managing this through insurance? I was intending to claim on the business policy. But is my own business and it s also my own car. Any specific complications I should be aware of?

[MOMACC]

No

You damaged your vehicle which is insured personally with an item of plant which is insured I presume by the company.

Ring both insurers and explain. If your excess is below a grand on the company policy crack on with a claim.

[BertBert]

surely your company will just pay to have it fixed and not trouble any insurance companies?

[balise]

BertBert said:

surely your company will just pay to have it fixed and not trouble any insurance companies?

This.

[paul_c123]

It can't be that uncommon, for example insurance claims where one car hits another of theirs during parking on a driveway, or hitting your own house or garage or wall etc. The individual vs business angle makes it a bit different though. I'd have thought the cost of losing a NCB, together with any excess and higher future insurance premiums makes the £ bar for not claiming at all, quite high.

[Actual]

mirandamilly said:

I ve caused at least a grand s worth of damage to my car.

Don't go through any insurance.

I had 2 claims in quick succession and I wish I had just paid for them myself.

For 5 years on every insurance quote I have to trot out the guilty details.

A car manufacturer would not insure me for a courtesy car because I had 2 claims (not convictions).

A world of pain. Avoid.

Also please no one chip in and tell me that I need to report all claims because I have.

[OutInTheShed]

Actual said:

Don't go through any insurance.

I had 2 claims in quick succession and I wish I had just paid for them myself.

For 5 years on every insurance quote I have to trot out the guilty details.

A car manufacturer would not insure me for a courtesy car because I had 2 claims (not convictions).

A world of pain. Avoid.

Also please no one chip in and tell me that I need to report all claims because I have.

It's 'incidents' you need to reports, as well as claims.

[Actual]

OutInTheShed said:

Actual said:

Don't go through any insurance.

I had 2 claims in quick succession and I wish I had just paid for them myself.

For 5 years on every insurance quote I have to trot out the guilty details.

A car manufacturer would not insure me for a courtesy car because I had 2 claims (not convictions).

A world of pain. Avoid.

Also please no one chip in and tell me that I need to report all claims because I have.

It's 'incidents' you need to reports, as well as claims.

I said no one chip in.

[Mr Tidy]

If you give full details to your business insurer I don't think they will be interested as you can't be a Third Party to yourself!

I'd claim on the policy for the car if repairs cost more than I wanted to pay.

[John D.]

balise said:

BertBert said:

surely your company will just pay to have it fixed and not trouble any insurance companies?

This.

Its his company.

[kiethton]

Just get the company to pay surely, you're already 19%/25% better off from the corp tax saving.

Sure they can give it a good all-body machine polish, full valet, full service and tyres to make sure no critical parts were damaged too. All comes off any pre-tax profits and you're not declaring anything.

[mirandamilly]

The quote from the body shop is £4k

[BertBert]

John D. said:

Its his company.

I think most of us worked that out from the OP

[Lefty]

mirandamilly said:

The quote from the body shop is £4k

Ouch. Shop around?

[ymwoods]

kiethton said:

Just get the company to pay surely, you're already 19%/25% better off from the corp tax saving.

Sure they can give it a good all-body machine polish, full valet, full service and tyres to make sure no critical parts were damaged too. All comes off any pre-tax profits and you're not declaring anything.

This, assuming, of course, the business is flush enough to do so without any cashflow issues. We don't all own Harrods.

[ashenfie]

I would claim on your personal insurance else you will have effectively a claim on both policy’s. I might that I found the car with a big dent in on return.

Else you’re going to have a hike in costs when it becomes time to renew.

[davek_964]

ashenfie said:

I would claim on your personal insurance else you will have effectively a claim on both policy s. I might that I found the car with a big dent in on return.

Else you re going to have a hike in costs when it becomes time to renew.

Yeah - good advice. Insurance fraud is always a good idea.

And there is also no guarantee that it would lead to higher costs at renewal, despite it being repeated in every single thread like this on here.

[cobra kid]

Actual said:

OutInTheShed said:

Actual said:

Don't go through any insurance.

I had 2 claims in quick succession and I wish I had just paid for them myself.

For 5 years on every insurance quote I have to trot out the guilty details.

A car manufacturer would not insure me for a courtesy car because I had 2 claims (not convictions).

A world of pain. Avoid.

Also please no one chip in and tell me that I need to report all claims because I have.

It's 'incidents' you need to reports, as well as claims.

I said no one chip in.

Ha ha!!!!

[loskie]

yes

Great advice to lie to your and your company's insurance co's.

As the owner of the car make a claim off your company insurance.

It's your company that will be the policy holder not you the individual.

[rhamnousia5]

loskie said:

yes

Great advice to lie to your and your company's insurance co's.

As the owner of the car make a claim off your company insurance.

It's your company that will be the policy holder not you the individual.

As it’s the OP’s company (and he was driving a company vehicle )how can he sue himself for negligence that caused damage to his own property?