Insurance Terminology Question

Belly

Belly

Belly

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25 Jun 2006
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Somewhere East of Eden
Hi, I wonder is someone can help me.

I had some difficulty two years ago trying to complete an on line insurance quote.

I drive the wife's car and she drives mine we are shown as the main driver on each other's insurance policy.

In March 2010 some one hit the back of my wife's car and I was the driver. After much paper work and a booked court appearance the other insurance company accepted liability (the day before the court appearance) and a couple of months later we received a full excess refund £200 (plus £8).

When we completed an on line comparison insurance application in August 2010 and accepted a displayed quote, it failed and I think the words were "Insurance Claim Rejected". I then rang the company giving the quote and the guy said it was to do with the accident in 2010 and as such he could fill out the details from his terminal and they would accept us as clients. We accepted. For him to do it from his terminal cost an additional tenner.

The following year (last year) the written quotation was more or less the same as those on a comparison site so we accepted the quote.

The insurance on my wife's car is due on 5 Sep and I haven't had a written quote. However I ran another quote on a comparison site and my present company is shown as being £40 more than others (Lloyds Bank etc).

When I filled out the application, there is a question which asks about accidents and when I fill it out it asks the question: "Was the accident on the CURRENT policy?" That is the question I don't understand, and it might be the reason I had difficulties two years ago.

Does CURRENT policy mean the same car irrespective of the change or insurance companies? As a layman I would read it as NOT being the same policy because I was originally insured by Ins Company A, I then moved to Ins Company B.

Does a different insurance company mean a different policy, or is the policy the same and I just have different providers?

Thanx
 
Belly said:
Does CURRENT policy mean the same car irrespective of the change or insurance companies?
Click to expand...

No, the insurance policy is the actual contract of insurance. Your policy will have a unique policy number to identify it, which will be on the certificate.

Because you have changed to a different insurance company, you now have a different insurance policy (with a different policy number) and you have made no claims against it. The answer to the question is therefore "No".
 
Likke DB says, the accident was on the previous policy. Nearly all insurance runs on a yearly basis. Was the accident within the last year? Yes? Is the date of the policy currently running before or after the date of the accident? From what you've said it's after, so the answer is no, it is not the current policy.
 
In addition to the above answers, your accident was less than 3 years ago when the current policy began but will be over 3 years old when you renew, so may well no longer need to be declared on the policy at all.
 
Thanx Bainbridge The comparison sites' questions ask about accidents within the last 5 years. Perhaps so they can cater for all insurance companies?

Unfortunately these insurance companies talk to me in a language which I don't understand.

The reason I left the insurance company we were with when the accident occurred was because it wanted me to accept that I was 50% to blame even though I was hit up the back. They suggested that if I accepted half the blame, I wouldn't lose my no claims bonus, even though the person who hit me up the back accepted liability at the scene and wanted me to get quotes from local garages and they would settle with me direct and they wouldn't loose their no claims bonus. In the end the cost of the damage was about £1200 which would have been well above the third party's insurance excess.

Amazing!

Thanx again
 
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