50/50

gmadeley

I had an accident with another driver my car is not damaged but his is. The insurace company says it is 50/50 does this mean his company will have to pay for his damage. I am not making a claim due to the lack of damage on my car. Is 50/50 where the insurance companies pay for their own clients damage beacause they cant decide whose fault the accident is, or do the companies half whatever the total damage is meaning my company will have to pay for half of his claim ?

LadyIndecisive

50/50 means your insurer will pay 50% of the other party's vehicle damage claim and 50% of the other driver's 'uninsured losses' - excess, injury (if applicable) etc.

Both parties No Claims will be affected.

lisyloo

As well as loss of no claims, you will also have to declare the accident as a "fault" claim and this may affect your premium as well.

Your no claims might not be affected if it's protected and it's your first accident.

AndrewSmith

gmadeley wrote: »

I had an accident with another driver my car is not damaged but his is. The insurace company says it is 50/50 does this mean his company will have to pay for his damage.

No. When there is an accident where each party covers the cost of their own repairs in full this is known as 'knock for knock'.

50/50 means that your insurer will pay for 50% of the claim costs from the other vehicle's insurer and vice versa for your's. The fact that you are not making a claim simply means that the other insurer pays your insurer nothing except possible a refund of 50% of your excess if you paid it out) as you are not making a counter claim.