Daughters accident, insurance thoughts please
Discussion
Daughter had an accident today, her fault no arguments. The other party has already started the claims process ( won't be cheap at a guess 3-5K with hire car and bumping up of everything etc) and both her and my daughter are with same insurance company.
The issue is thus.
My daughters Mini is prob worth £1500-£2000, and if the insurers look at it they will undoubtedly write it off, which I couldn't argue with. However,If I kept my daughters damage off the claim,and repaired it with mates rates myself, would that help her at renewal time? (as the claim amount would be 3-5k solely for the other party only and not 4.5 -6.5K for both cars), or is the value of the claim not particularly relevant up to a certain amount?
The two other options obviously would be to have it written off and take the money and buy another car, or what seems to be the best option at the moment ( unless I'm missing something) would be to see what they offer and buy it back albeit it then becomes a Cat N but in its time it's been a great car with loads spent on it mechanically and cosmetically to keep it pristine. If we got offered say £1500 less £200 scrap for us to keep it I could probably get it back on the road for her with second hand parts and mates rates and she won't be too much out of pocket ... well until renewal time !
I've no idea how any of these scenarios play out or what's best for her so any advice and suggestions appreciated.
The issue is thus.
My daughters Mini is prob worth £1500-£2000, and if the insurers look at it they will undoubtedly write it off, which I couldn't argue with. However,If I kept my daughters damage off the claim,and repaired it with mates rates myself, would that help her at renewal time? (as the claim amount would be 3-5k solely for the other party only and not 4.5 -6.5K for both cars), or is the value of the claim not particularly relevant up to a certain amount?
The two other options obviously would be to have it written off and take the money and buy another car, or what seems to be the best option at the moment ( unless I'm missing something) would be to see what they offer and buy it back albeit it then becomes a Cat N but in its time it's been a great car with loads spent on it mechanically and cosmetically to keep it pristine. If we got offered say £1500 less £200 scrap for us to keep it I could probably get it back on the road for her with second hand parts and mates rates and she won't be too much out of pocket ... well until renewal time !
I've no idea how any of these scenarios play out or what's best for her so any advice and suggestions appreciated.
Sorry to hear about the accident - hopefully she has no after effects.
As far as the claim quantum itself I would suggest that whether a £4k or £6k claim will make little difference to her premium increase at renewal.
No doubt the premium will increase but it was probably going to anyway.
Obviously the tedious bit for her will be having to declare the accident for probably 5 years at each renewal but again I doubt the quantum range itself will impact that much.
It will also depend on how long she has been with her existing Insurer in terms of what increase they will try and charge her.
As far as the write off scenario is concerned I know not but your plan on getting her car back to health seems robust providing you are first in possession of what exactly needs doing I guess !
As far as the claim quantum itself I would suggest that whether a £4k or £6k claim will make little difference to her premium increase at renewal.
No doubt the premium will increase but it was probably going to anyway.
Obviously the tedious bit for her will be having to declare the accident for probably 5 years at each renewal but again I doubt the quantum range itself will impact that much.
It will also depend on how long she has been with her existing Insurer in terms of what increase they will try and charge her.
As far as the write off scenario is concerned I know not but your plan on getting her car back to health seems robust providing you are first in possession of what exactly needs doing I guess !
Either way it'll go as fault claim against her. You are obligated to mitigate the loss - in other words, not inflate the claim and keep it as low as possible. In reality there are plenty of reasons why any of what you say would be seen as mitigating your loss.
Ultimately, do you want to keep her car? Because as far as renewal and the insurance company are concerned, the rest is irrelevant.
Ultimately, do you want to keep her car? Because as far as renewal and the insurance company are concerned, the rest is irrelevant.
Jordie Barretts sock said:
Either way it'll go as fault claim against her. You are obligated to mitigate the loss - in other words, not inflate the claim and keep it as low as possible. In reality there are plenty of reasons why any of what you say would be seen as mitigating your loss.
Ultimately, do you want to keep her car? Because as far as renewal and the insurance company are concerned, the rest is irrelevant.
Ironic you say that in your first paragraph as the other party was insistent her car had top be recovered even though even the police said to the lady " it's perfectly driveable,you don't need to do that it will only cost more overall".Ultimately, do you want to keep her car? Because as far as renewal and the insurance company are concerned, the rest is irrelevant.
Looks like going down the buy back route may be the best, a Cat N marker or such like against a 15 year old Mini isn't going to affect its value as much as against a 20 grand one.
Probably best I get her private plate off ASAP before it all gets messy one way or the other.
sjc said:
Jordie Barretts sock said:
Either way it'll go as fault claim against her. You are obligated to mitigate the loss - in other words, not inflate the claim and keep it as low as possible. In reality there are plenty of reasons why any of what you say would be seen as mitigating your loss.
Ultimately, do you want to keep her car? Because as far as renewal and the insurance company are concerned, the rest is irrelevant.
Ironic you say that in your first paragraph as the other party was insistent her car had top be recovered even though even the police said to the lady " it's perfectly driveable,you don't need to do that it will only cost more overall".Ultimately, do you want to keep her car? Because as far as renewal and the insurance company are concerned, the rest is irrelevant.
Looks like going down the buy back route may be the best, a Cat N marker or such like against a 15 year old Mini isn't going to affect its value as much as against a 20 grand one.
Probably best I get her private plate off ASAP before it all gets messy one way or the other.
Armitage.Shanks said:
Sadly you can have a bump when you're not even in the car and its parked up but that will still affect your renewal price and elevated 'risk' for parking it in the wrong place even though somebody else it at fault for driving into it 
Not if you don't make a claim. The insurers ask if you have had any claims or accidents, and if your car is hit while you're indoors or on holiday abroad, you haven't been in an accident. TwigtheWonderkid said:
Armitage.Shanks said:
Sadly you can have a bump when you're not even in the car and its parked up but that will still affect your renewal price
Not true. It might effect it, it might not. Super Sonic said:
Armitage.Shanks said:
Sadly you can have a bump when you're not even in the car and its parked up but that will still affect your renewal price and elevated 'risk' for parking it in the wrong place even though somebody else it at fault for driving into it
Not if you don't make a claim. The insurers ask if you have had any claims or accidents, and if your car is hit while you're indoors or on holiday abroad, you haven't been in an accident. loskie said:
Super Sonic said:
Armitage.Shanks said:
Sadly you can have a bump when you're not even in the car and its parked up but that will still affect your renewal price and elevated 'risk' for parking it in the wrong place even though somebody else it at fault for driving into it
Not if you don't make a claim. The insurers ask if you have had any claims or accidents, and if your car is hit while you're indoors or on holiday abroad, you haven't been in an accident. 
So it looks like they including whether the vehicle has been involved in an accident as well as the person... so even if you were not present (ie parked car overnight) you still have to say yes.
However if the question said "have you been involved in an accident" the answer would be no.
Forums | General Gassing | Top of Page | What's New | My Stuff