Car insurance

Meercat86_2

I had an accident and wish to pay the other driver to repair damage to his car. Do i need to let my insurance know even though they are not paying for the clainm?

Thanks

gazza975526570

By the wording of your policy, yes you must.

millieuan

Hi there,
yes you need to disclose the accident. Both to your current insurer and any subsequent insurer that you may change to. Best thing to do as you'd be amazed at how people suddenly jump on the band wagon and try and take you for a ride.

If you don't advise any new insurer they could impose terms or charge an additional premium if they find out.

save-a-lot

Personally if it was me and I was settling direct with others involved I would not tell the insurers about the accident.

Mrmadoo

Your not getting them to pay for the damage, so its not their buisness.

Bossyboots

save-a-lot wrote:

Personally if it was me and I was settling direct with others involved I would not tell the insurers about the accident.

This would be breaching the terms and conditions of your insurance. Also, what will you do at renewal when the specific question will be asked as to whether you have had an accident in the last however many years? Lie and thereby commit fraud and invalidate your policy?

ariba10

I would advise you to write to your insurance company (as you must according to your policy requirements) and tell them of the accident and that you 'Do not wish to make a claim at this time'

That is what I would do in the circumstances.

Meercat86_2

Hi,

I am going to write a letter to my insurace company - i don't want this hanging over my head for years to come. However as long as the other party doesn't make a claim will my no claims bonus be affected?

Thanks

ArchieB_2

Wise. You would breach the terms and conditions which is one issue. Also, if the other party turns round in a few weeks time (after you have paid for the material damage) and says he now has a personal injury, then could you afford the £3k for whiplash?? You would need to be able to, as your insurer would be within their rights to refuse to pay out due to the fact you breached the t's and c's.

Any 'advice' to not inform the insurer is very foolish indeed and should be ignored.

ArchieB_2

Re NCB. So long as the insurer doesn't pay out then you keep it.