Simple one - Is my no claims record affected if....

sho_me_da_money

dacouch wrote: »

To throw further fuel onto the fire, the Insurer who (Currently) are rejecting the claim annouced they have gone into administration.

No f***ing way!!!!! You have a link? What happens with this type of issue? - will I be able to recover costs?

sho_me_da_money

Whoa whoa whoa. Actually this might be something GREAT. As the the thread implies, I was looking to avoid suffering from a high insurance premium and potentially keep my 1 year no claims record intact. Some of you have kindly confirmed that the fact I have admitted to the accident and the claim is on their records, my premium and NCB are automatically affected. However, in light of the current cicrcumstances, when I renew (with a new company) could I avoid declaring the accident that was ultimately rejected by a company that has now gone into Administration?

Lum

You know that recorded message you have to sit through every time you call any insurance company ever, the one that includes the line:

"to prevent fraud, we share information with other insurers through various databases"

You should bear it in mind when falsely representing your driving history to your new insurer. Insurance fraud is a criminal offence.

In reality, the insurers only actually check those databases if they ever have to pay out, so you can drive along thinking you are insured for years, then when you have a fault accident they will realise you lied, at which point several things will happen.

1) They will still pay out to any 3rd partys involved
2) They will refuse to pay you a penny, nor repair your car
3) They will set the lawyers onto you demanding repayment for the money they paid to the 3rd party.

Up to you whether you want to take that risk.

sho_me_da_money

Ok let me ask you this. I had the accident, I am the policyholder. Wifey is/was named driver. Im thinking that when renewing, wifey will be the policyholder and ill be named driver. Surely that should work out a cheap premium. Obviously ill declare my accident information.

Lum

You're both insured to drive the car so providing there is no fronting going on (ie. providing your wife never/rarely drives) then that should be fine.