Done to death I'm sure, but Insurance quickie.
Discussion
Let me start by admitting I'm probably going to get ridiculed for this, however search has not been too fruitful and I definitely know buried deep in the bowls of the PH database lies this answer, but its likely well hidden between millions of posts including insults, half-truths and absolute hogwash.
A mate of mine was bumped in his Porsche by a French truck a couple days ago, and I’m not sure if he is hitting the crack pipe or being slightly sheepish about the whole thing (not sure why he would be, he has a signed declaration from the driver that he –the truck - was in the wrong). Basically, he said that insurance will only pay out for repairs when they have recovered the money from the French truck driver/his insurance. Is this really possible? I’m with the same insurer, and if it is I’m cancelling immediately. Subsequently, turns out the repairs are minor and less than his excess, however the principle remains.
My idea of insurance is a policy between me and the insurer: and operating within the agreed parameters (no drinking/drugs etc), if I get into an accident, I don’t really care how they go about recouping costs – that’s their business – they are to pay for my repairs.
Secondly, and this goes hand in hand really, what is the deal if an uninsured driver hits you? I’ve once again heard stories I’m not sure can be true. Once again, I don’t really care, that’s my insurers risk, not mine?
So apoliges for digging this up - I know its been discussed, if someone could point me to it or give me a quick simple anwer I'd be very happy.
For now.
A mate of mine was bumped in his Porsche by a French truck a couple days ago, and I’m not sure if he is hitting the crack pipe or being slightly sheepish about the whole thing (not sure why he would be, he has a signed declaration from the driver that he –the truck - was in the wrong). Basically, he said that insurance will only pay out for repairs when they have recovered the money from the French truck driver/his insurance. Is this really possible? I’m with the same insurer, and if it is I’m cancelling immediately. Subsequently, turns out the repairs are minor and less than his excess, however the principle remains.
My idea of insurance is a policy between me and the insurer: and operating within the agreed parameters (no drinking/drugs etc), if I get into an accident, I don’t really care how they go about recouping costs – that’s their business – they are to pay for my repairs.
Secondly, and this goes hand in hand really, what is the deal if an uninsured driver hits you? I’ve once again heard stories I’m not sure can be true. Once again, I don’t really care, that’s my insurers risk, not mine?
So apoliges for digging this up - I know its been discussed, if someone could point me to it or give me a quick simple anwer I'd be very happy.
For now.
If the vehicle is insured fully comp it will get repaired at the cost of the insurer.
The issue can be in recovering this money from the French drivers insurance. I had a situation like this in Spain where the Spanish driver accepted responsibility but the Spanish insurer basically delayed responses to my insurer and in essance declined to accept responsibility and therefore foot the cost of the claim.
My insurance company then made a decision that for the costs involved it would not be worth pursuing the Spanish insurer. I then had a battle to ensure that the claim was not held against me and would not errode my NCB. I did achieve this but ended up paying the excess and the whole saga kept creeping up at renewal time.
The issue can be in recovering this money from the French drivers insurance. I had a situation like this in Spain where the Spanish driver accepted responsibility but the Spanish insurer basically delayed responses to my insurer and in essance declined to accept responsibility and therefore foot the cost of the claim.
My insurance company then made a decision that for the costs involved it would not be worth pursuing the Spanish insurer. I then had a battle to ensure that the claim was not held against me and would not errode my NCB. I did achieve this but ended up paying the excess and the whole saga kept creeping up at renewal time.
Isn't it just the point the the repairs cost less than his excess?
So his insurer has nothing to pay at the moment as the first £X has to be covered by the policyholder. If the repairs had cost more than the excess, the insurer would have picked up the tab for the extra.
The uninsured portion of the claim (i.e. the lot here) has to be claimed back from the trucker's insurer.
So his insurer has nothing to pay at the moment as the first £X has to be covered by the policyholder. If the repairs had cost more than the excess, the insurer would have picked up the tab for the extra.
The uninsured portion of the claim (i.e. the lot here) has to be claimed back from the trucker's insurer.
say he has a policy with a £500 xs, and the repairs come to £400, his insurers can walk away from it, it's nothing to do with them. But as the accident wasn't his fault, they are offering to help by trying to recover the £400 and when that's done, they will give the money to your mate who can fix his car.
Seems to me the insurers are doing more than they need do. If the repairs are below the xs, then really it's nothing to do with his insurers and he should be claiming himself off the French truck's insurers.
I'd be praising his insurers, not moaning about them.
Seems to me the insurers are doing more than they need do. If the repairs are below the xs, then really it's nothing to do with his insurers and he should be claiming himself off the French truck's insurers.
I'd be praising his insurers, not moaning about them.
It is possibly a case of crossed wires but the insurers cant wait to receive money from another insurer before paying out on repairs so if everything is ok cover wise they should press on with the work required.
At the moment repair costs haven't been established so it would be impossible to recover this 'up front' from the third party. This also goes against the principl of subrogation insofar as you can't recover for something which you haven't paid out on as that right hasn't been inherited.
There could be other implications such as hire charges etc which may be difficult to recover fully if there is a perceived delay in repair work (assuming that the car isn't roadworthy currently)?
I presume that the accident happened on UK soil? If so it can take longer to trace a foreign third party insurer as enquiries need to go via the MIB who will in turn provide an agent based in the UK who will handle the claim on behalf of the French insurer.
I see no reason for your mates insurers to delay work as mentioned above but it may take a little longer than usual for a full recovery to be made.
On a side note a written confirmation at time of the incident isn't concrete and can be contested at claim stage.
As I see it though unless there are any issues in cover work should go ahead and let the insurers deal with the rest of it.
At the moment repair costs haven't been established so it would be impossible to recover this 'up front' from the third party. This also goes against the principl of subrogation insofar as you can't recover for something which you haven't paid out on as that right hasn't been inherited.
There could be other implications such as hire charges etc which may be difficult to recover fully if there is a perceived delay in repair work (assuming that the car isn't roadworthy currently)?
I presume that the accident happened on UK soil? If so it can take longer to trace a foreign third party insurer as enquiries need to go via the MIB who will in turn provide an agent based in the UK who will handle the claim on behalf of the French insurer.
I see no reason for your mates insurers to delay work as mentioned above but it may take a little longer than usual for a full recovery to be made.
On a side note a written confirmation at time of the incident isn't concrete and can be contested at claim stage.
As I see it though unless there are any issues in cover work should go ahead and let the insurers deal with the rest of it.
Maxus said:
If the vehicle is insured fully comp it will get repaired at the cost of the insurer.
The issue can be in recovering this money from the French drivers insurance. I had a situation like this in Spain where the Spanish driver accepted responsibility but the Spanish insurer basically delayed responses to my insurer and in essance declined to accept responsibility and therefore foot the cost of the claim.
My insurance company then made a decision that for the costs involved it would not be worth pursuing the Spanish insurer. I then had a battle to ensure that the claim was not held against me and would not errode my NCB. I did achieve this but ended up paying the excess and the whole saga kept creeping up at renewal time.
Sorry, in South Africa you would not be involved in the whole thing at all, and this is what is puzzling me. Why does it matter to you, whether they chase the driver or even get a cent back from the other party? So what if an uninsured driver hits you?The issue can be in recovering this money from the French drivers insurance. I had a situation like this in Spain where the Spanish driver accepted responsibility but the Spanish insurer basically delayed responses to my insurer and in essance declined to accept responsibility and therefore foot the cost of the claim.
My insurance company then made a decision that for the costs involved it would not be worth pursuing the Spanish insurer. I then had a battle to ensure that the claim was not held against me and would not errode my NCB. I did achieve this but ended up paying the excess and the whole saga kept creeping up at renewal time.
In SA its simple. Fully comp means you hand the car in at an approved panelbeater, pay the excess on picking it up. The insurer goes about getting the money from the other party/their insurance, and if successful, refund you your excess.
Haribo Man said:
It is possibly a case of crossed wires but the insurers cant wait to receive money from another insurer before paying out on repairs so if everything is ok cover wise they should press on with the work required.
At the moment repair costs haven't been established so it would be impossible to recover this 'up front' from the third party. This also goes against the principl of subrogation insofar as you can't recover for something which you haven't paid out on as that right hasn't been inherited.
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As I see it though unless there are any issues in cover work should go ahead and let the insurers deal with the rest of it.
Yeah, I think you right. Like I said, he wasnt very clear about it all, and when I was like "WTF?" he just shrugged.At the moment repair costs haven't been established so it would be impossible to recover this 'up front' from the third party. This also goes against the principl of subrogation insofar as you can't recover for something which you haven't paid out on as that right hasn't been inherited.
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.
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As I see it though unless there are any issues in cover work should go ahead and let the insurers deal with the rest of it.
So if I have it right 0 insurers cannot not pay for something if you fully comp. Getting excess back/NCB seems to be tied into the chase.
Killboy said:
In SA its simple. Fully comp means you hand the car in at an approved panelbeater, pay the excess on picking it up. The insurer goes about getting the money from the other party/their insurance, and if successful, refund you your excess.
Same here, I think. In fact when someone ran into the back of wifey's car I claimed on our insurance, chose the repairer myself, and still didn't have to pay the excess, my insurer waived it. This was with LV=I guess what varies is how good your insurer is at recovering the excess. Maybe they'll only do it if you take the legal cover, which is normally optional.
Killboy said:
Um, hold on guys, leave the whole bit about repairs being less than excess. At the time of reporting it, they didnt know what the repairs cost would be, and he thought it would be a lot more.
I think he's got it wrong or mis-understood. His fully comp policy will pay for the car to be repaired, whoever damages it, less the excess.Killboy said:
Why does it matter to you, whether they chase the driver or even get a cent back from the other party? So what if an uninsured driver hits you?
Because if your insurance company do not get the money back from the third parties insurance company they place blame for the accident with you and it costs you your excess and NCB. Your car still gets repaired though.TwigtheWonderkid said:
say he has a policy with a £500 xs, and the repairs come to £400, his insurers can walk away from it, it's nothing to do with them. But as the accident wasn't his fault, they are offering to help by trying to recover the £400 and when that's done, they will give the money to your mate who can fix his car.
Seems to me the insurers are doing more than they need do. If the repairs are below the xs, then really it's nothing to do with his insurers and he should be claiming himself off the French truck's insurers.
I'd be praising his insurers, not moaning about them.
I thought the insurance deal with it all but you pay the excess to them. No way can they wash their hands of it. Seems to me the insurers are doing more than they need do. If the repairs are below the xs, then really it's nothing to do with his insurers and he should be claiming himself off the French truck's insurers.
I'd be praising his insurers, not moaning about them.
I imagine they won't want to wash their hands of it when renewal comes and they ask about any accidents
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