Claiming on company car insurance

Gavlaar

Hi there,

I have had a minor prang in my current company car, bit of damage to the rear bumper. I swapping my car in a couple of months time and wanted to get people's opinion on whether I should pay for the repair myself (probably about £150) or claim on the company car insurance policy?

forgotmyname

Is it your company or a company you work for?

Is it a lease car?

They may spot a poor repair which may cause issues when its handed back.

rs65

What is the excess on the company car policy?

jaybeetoo

Will the next car be your own or a company car?

KTF

rs65 wrote: »

What is the excess on the company car policy?

There wont be any. You call up the lease company and they fix it.

If you leave the scheme they will send you a letter saying 'in the past x years, person y had claim/no claim at z cost' which may be used as proof of no claims for private insurance.

If you intend to stay on the scheme for the foreseeable future, let the lease company sort it and/or take the risk that they dont worry about it when it it appraised on return (depending on the damage).

rs65

KTF wrote: »

There wont be any. You call up the lease company and they fix it.

If you leave the scheme they will send you a letter saying 'in the past x years, person y had claim/no claim at z cost' which may be used as proof of no claims for private insurance.

If you intend to stay on the scheme for the foreseeable future, let the lease company sort it and/or take the risk that they dont worry about it when it it appraised on return (depending on the damage).

Which lease company?

Which scheme?

Gavlaar

Car is currently being leased from Arval, I can't see any excess on the company insurance policy to be fair. I suppose this means that I could get Arval to repair the damage but you're right, when and if I leave the scheme I will have a report against me saying that I had 1 claim of £x in the past so many years which I will have to declare to future insurers.

Question is will the cost of me getting Arval to perform the repairs outstrip extra cost of my insurance in the future if I leave the company, any suggestions?

jaybeetoo

It depends when you think you'll be taking out your own insurance. If you claim then your no claims discount goes back to zero.

JQ.

KTF wrote: »

There wont be any. You call up the lease company and they fix it.

If you leave the scheme they will send you a letter saying 'in the past x years, person y had claim/no claim at z cost' which may be used as proof of no claims for private insurance.

If you intend to stay on the scheme for the foreseeable future, let the lease company sort it and/or take the risk that they dont worry about it when it it appraised on return (depending on the damage).

That's weird because the company car scheme at my work has a personally payable excess of £500.

Every scheme is different and is totally dependant on what the company agrees with the insurance co and their employees.

So there may well be an excess payable.

KTF

Based on my experience of Arval (nee PHH) and Leaseplan, there was no excess to pay. Should you have an accident you called them up and they send out someone to assess it.

Based on the damage they would either despatch a SMART repair guy or take it to one of their bodyshops.

From what I understood at work the policy in place was self insuring in so far as the 3rd party would be covered but any damage to the company vehicle was paid for out of someones (not yours) pocket as this was deemed cheaper than the cost of an insurance policy for the size of the fleet and then having to manage the after effects of the various claims that the users would make.

Gavlaar

KTF wrote: »

Based on my experience of Arval (nee PHH) and Leaseplan, there was no excess to pay. Should you have an accident you called them up and they send out someone to assess it.

Based on the damage they would either despatch a SMART repair guy or take it to one of their bodyshops.

From what I understood at work the policy in place was self insuring in so far as the 3rd party would be covered but any damage to the company vehicle was paid for out of someones (not yours) pocket as this was deemed cheaper than the cost of an insurance policy for the size of the fleet and then having to manage the after effects of the various claims that the users would make.

That's very useful, thankyou. Am still a bit reticent to ask the Purchasing Manager whom deals with Arval whether Arval would foot the bill for a minor repair as the first question would be so you've had an accident in your car then? Will have a look at the company car policy when in work tomorrow can't remember anything being included in it though except the usual can't smoke in car or use it to take rubbish to the tip etc.