Car insurance claim!

Spangle86

Hi,
I was involved in a car accident a few weeks ago which has resulted in my car being written off. The insurance company have offered me a settlement and the paperwork for this is being sorted out. I am in the process of looking for a new car and was wondering if I have to take out a new insurance policy or I keep my current policy and just pay an excess for adding a different car? I have paid my current insurance policy in full.
Sorry if this seems like a daft question but I have never had to deal with anything like this before!
Thanks for your help

huckster

Speak to your Insurers as it varies. Some will cancel the policy and some will allow you to Insure your new car, subject to the relevant adjustment in premium being paid.

Suggest that you give them a call, as you need to know this, to help you decide what you need to do. If the accident was a fault claim, you could be looking at a fairly steep increase in premium and this may have an affect on what car you can afford.

Quentin

Assuming that your policy doesn't end after a write off (check the policy to see if there is any mention of the policy ending after a total loss payout), then getting a new car covered will be just like you changing cars.

When you find a car, then check with your insurer before buying it that it is acceptable to them (not all insurers will insure every model), otherwise if they don't "like" the new car, you will have to cancel your policy and buy a new one.