Insurance Q?

sorn21

sorn21

sorn21

Soldato
Joined
12 Nov 2008
Posts
3,378
Location
T.O.
Just a quick question;

A friend of mine had an accident.

This friend then told their insurer that the accident happened, but not to persue the claim.

Will this persons premium go up because the insurer will now have them down as a liability?

Ta.
 
n1blo said:
Just a quick question;

A friend of mine had an accident.

This friend then told their insurer that the accident happened, but not to persue the claim.

Will this persons premium go up because the insurer will now have them down as a liability?

Ta.
Click to expand...

Yes, you have to say next year they they have been involved in a crash. It doesn't matter if they claimed or it was the other persons fault. Insurance companies work off of statistics and statistically if you've had a crash you are more likely to have another.

So more than likely your friend will pay more next year.
 
That's what I thought.

If you didn't tell your insurer then I take it you wouldn't need to? (is that legal?)

Their adamant that their policy won't go up and they want to insure a car with a substainaly larger engine! :O
 
n1blo said:
That's what I thought.

If you didn't tell your insurer then I take it you wouldn't need to? (is that legal?)

Their adamant that their policy won't go up and they want to insure a car with a substainaly larger engine! :O
Click to expand...

It's not legal, in your T&C it'll say you have to tell them, so by not doing it they can void your policy and then your an uninsured driver and the world will end.

I'd be amazed if it didn't go up.

Personally, if it's a £200 smack on a £10k car I wouldn't tell them but it's always a risk.
 
I damaged my car while reversing and need to buy £10 part to fix it and a bottle of T-cut. Do I need to tell my insurer or future insurers? No.

(the story is fiction to illustrate a point)
 
Well it's a bit more serious than that, they've wrote the car off...

It's actually quite daft but it was a £800 car, with a £1000 insurance policy and a £750 excess....

So they told them, knowing full well they wouldn't get any money, and are going to be stuffed in the future with their new policy. :(
 
insurance is all about risk, its a risk not to tell them about anything that damages the car, no matter how small

if you reverse in to something and theres a small amount of damage to the back end of your car, 2 weeks later you are driving late at night and hit something head on, the insurance companies send out an engineer/investigator to look over the vehicle, they see there is more damage to the car than it should be, the insurance company keep your money and revoke your policy ** yes it is the worst case senario**

i normally work by if its damage that someone can tell that any work has been done or parts replace, advise the insurance company, if not, dont
 
My insurance didn't change much, in fact it went down I think a year after my first accident. I phoned up initially and said don't put a claim in because the car isn't worth it.
 
You must log in or register to reply here.
Back
Top Bottom