Insurance after accident question
Discussion
My daughter had an accident today, 3 cars involved, the car in front brakes and she didn't stop in time, then the car behind her hit the back of her car. Sadly I have a feeling the car will be written off.
My question revolves around insurance, she is 20, up until today she had 3 years no claims, she just renewed her insurance last month. If the car wasn't written off, she would get it repaired and then continue with her policy until next year when she renews, at which point she will get stung for an increased cost.
But because the car is likely written off, they will allow her to change vehicle on her policy, my question is will they hike it up now in this scenario, rather than next year when she renews?
My question revolves around insurance, she is 20, up until today she had 3 years no claims, she just renewed her insurance last month. If the car wasn't written off, she would get it repaired and then continue with her policy until next year when she renews, at which point she will get stung for an increased cost.
But because the car is likely written off, they will allow her to change vehicle on her policy, my question is will they hike it up now in this scenario, rather than next year when she renews?
dazmorg said:
It depends on what the terms and conditions in the policy booklet say. The typical policy will allow 30 days for a new car to be added following a total loss. Premiums will be re-calculated for the new car but risk will only be re-rated on policy renewal. BUT, read the T&C.
Thanks, they say this -Also made slightly more complicated because her car isn't worth much, its a 2012 a series convertible, but she saved for 2 years to buy it, spends every working moment washing and polishing it and is very upset, when I told her she might not see it again she broke down.
She isn't ready to let it go yet and as a result, I am going to get it from the compound in the morning and store it at home. It might be possible to fix it over time, who knows.
Given that she has a £1k excess and will have to pay the full premiums (she pays monthly) and then potentially buy it back, she won't see a penny back. If of course they don't let her buy it back it might well be the case that she doesn't even claim for the car and just has the insurance company pay the 3rd party she hit, but I'm not sure how that would work because she would be claiming from the car that hit her from behind.
She isn't ready to let it go yet and as a result, I am going to get it from the compound in the morning and store it at home. It might be possible to fix it over time, who knows.
Given that she has a £1k excess and will have to pay the full premiums (she pays monthly) and then potentially buy it back, she won't see a penny back. If of course they don't let her buy it back it might well be the case that she doesn't even claim for the car and just has the insurance company pay the 3rd party she hit, but I'm not sure how that would work because she would be claiming from the car that hit her from behind.
TooLateForAName said:
front and rear damage on a 2012 car? almost certain to be a write off. unless vert low speed minor damage.
do you mean 1 series?
was the sequence def she hit car in front then car behind hit her? she wasnt pushed into the first car by the second?
Yes, she hit the car in front then the car behind her piled in and forced her into it again. (Yes it was a 1 series)do you mean 1 series?
was the sequence def she hit car in front then car behind hit her? she wasnt pushed into the first car by the second?
Also want to put this out there -
I would have thought the best offer she might get for her car is £3k max.
Then she has £1k excess
Then she will have to pay her full policy (just renewed monthly) £1k
Then, if available she would need to buy her car back. ? £500-1000 perhaps.
In other words, once they write if off then its not worth claiming.
What would happen if she decided she didn't want them to deal with her car and just the 3rd party she hit. She wouldn't have to pay the excess, would obviously have her car back and I guess it would reduce the overall cost of the claim, I guess we would have to pay the £190 recovery cost and a days storage of the car.
But I can't see an upside to claiming for the total loss?
I would have thought the best offer she might get for her car is £3k max.
Then she has £1k excess
Then she will have to pay her full policy (just renewed monthly) £1k
Then, if available she would need to buy her car back. ? £500-1000 perhaps.
In other words, once they write if off then its not worth claiming.
What would happen if she decided she didn't want them to deal with her car and just the 3rd party she hit. She wouldn't have to pay the excess, would obviously have her car back and I guess it would reduce the overall cost of the claim, I guess we would have to pay the £190 recovery cost and a days storage of the car.
But I can't see an upside to claiming for the total loss?
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