Daughters car involved in an accident

Mojisola

Strider590 wrote: »

The insurance will most likely declare the car a write off, the quote for insurance repairs will be around 2 or 3 times that of a private one (so around £1600-£2400).
It's all about profit for the insurance companies.

My son's car was damaged in an accident that wasn't his fault. Initially the insurance company wanted to write it off because the bodywork would have cost too much for them to repair it. It was his first car and the damage was only cosmetic so he didn't want to have it written off.

The insurance company agreed to a payout that was enough to get it repaired at a local bodywork shop and he's still happily driving around in it.

BenL

hermum wrote: »

Will my daughter get back the amount paid for the car do you know or the opportunity to buy it back cheap & enough money to get it fixed herself?
The car is several years old but only had one owner & I think has under 40,000 miles on the clock. The chances of finding another that good at that price etc is zilch.
Any idea whether a no fault accident will have any effect on her insurance premiums?
Thanks

I have seen a post somewhere before in MSE with a link to official insurance guidelines/document that advised that if the car was bought recently (as your daughters is) that this is the value they will pay as this is the value of the car on the market and can be shown by your receipts.

Ben

BenL

Here you go

Financial Ombudsmen document http://www.financial-ombudsman.org.uk/publications/technical_notes/motor-valuation.html#2

Section 9

9. vehicles recently purchased second-hand

If the policyholder only recently bought his car second-hand, we are likely to assume that the price paid was the market value, unless the insurer can provide sufficient evidence to the contrary.


Ben

hermum

BenL wrote: »

Here you go

Financial Ombudsmen document http://www.financial-ombudsman.org.uk/publications/technical_notes/motor-valuation.html#2

Brilliant thank you, I was still looking for that.

dacouch

hermum wrote: »

BenL wrote: »

Here you go

Financial Ombudsmen document http://www.financial-ombudsman.org.uk/publications/technical_notes/motor-valuation.html#2

Brilliant thank you, I was still looking for that.

This only really applies if you claim through your own insurance

Dippypud

Dippypud wrote: »

If your daughter was in a courtesy car, it wasn't "hers" to decide not to go through the insurance.
Especially as the other driver addmitted it.QUOTE]

cajef wrote: »

Erm!!!!!!!

hermum wrote: »

Other driver was in a courtesy car as hers was being repaired & she didn't want the garage to know she'd had an accident in their car.

Sorry, brain dead, muchly aplogising now...:o

smjxm09

hermum wrote: »

Any idea whether a no fault accident will have any effect on her insurance premiums?
Thanks

Yes they will go up even if she has a protected no claim discount as she will be seen as a higher risk

hermum

smjxm09 wrote: »

Yes they will go up even if she has a protected no claim discount as she will be seen as a higher risk

Even though the other driver came over onto the wrong side of the road & smacked into her?

smjxm09

Yes, go to a comparison site and put your daughter’s details in twice. One with no accidents and one with one accident but someone else’s fault. You will see a price difference.