Hi All,
As expected the lack of independent witnesses and the other party giving an account from the planet Nog, my daughters insurance company (Direct Line) are offering 50/50.
My understanding is that 50/50 means that each company settles with their own client, so she will 1) Have to pay her excess in full 2) Lose some of her no claims discount 3) Incur an increase in her premium.
Is that right?
Thanks for any advice.
FTF
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I would guess the same. Why not ask Direct Line what it means?
Without knowing the cost of repairs to your daughters car, is withdrawing the claim and paying for the repairs yourself a cheaper option?
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I would have thought each insurer settling their own client would have been knock for knock, which in the event of a car and a truck would be rather ludicrous.
The average person seems to be about as honest as a politician these days, i have every sympathy FtF.
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Hi Both, thanks the replies.
She is investigating getting it fixed independent of the insurance and its probably the way she will go. She isn't going to get much change from £600 though, but with a £400 excess its still economic given the loss of no claims etc.
She spoke to DL this morning and has been told that if the other party agrees then they will contribute to 50% of the excess. It seems that other parties banger suffered such slight damage that they had not reported it. No chance there then!
Its really seems strange an intransigent, deceitful attitude can pay dividend here.
Thanks again.
FTF
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If it is true 50/50 it means that you are BOTH liable.
What it also means is that you can recover 50% of your damages from the third party and the third party can recover 50% of their damages from you (or your insurance company).
You, according to the insurers, were both to blame for the accident.
You will lose your NCB only if the TP makes a claim against you (which your insurer will settle half of) or you have comprehensive cover and claim for the cost of your own repairs from your own insurer.
You should be able to claim 50% of your excess from the TP but they will also be able to do the same from you (or your insurer)
Good luck.
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I would guess the same. Why not ask Direct Line what it means? Without knowing the cost of repairs to your daughters car is withdrawing the claim and paying for the repairs yourself a cheaper option?
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It may save the NCB but the insurer is aware the OPs daughter has had a prang and may load the next premium or even ask for a recalc on the existing policy as a result.
I'm pretty sure the small print says you have to notify the insurer even if you are not claiming. How many people actually do this is debatable.
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It may save the NCB but the insurer is aware the OPs daughter has had a prang and may load the next premium or even ask for a recalc on the existing policy as a result.
The insurer CANNOT recalc the existing policy mid-term. The insurer and insured have entered into a contract for a fixed period of time.
When the insurance is due for renewal, the insurer can then load the premium as they see fit.
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