Car Insurance

tosh2

Hi

I was involved in a car accident where the third party reversed into my car in a car park. The third party was in a hire car and their was minimal damage. He had a hire car and the reverse sensor broke off his car so he had to go through the insurance.

The damage to mine was a very slight dent on the back door and a scuff on the alloy wheels. I got an estimate and the estimate was £2500.00. The insurance company wrote the car off which I then bought back off them.
The insurance company reduced my fully comprenesive insurance (which was paid up in full) to third party without the ability to drive other cars and demanded i got the dent repaired if I wanted to keep the car. Can they do this and am I able to claim a refund on my insurance because I paid to have fully comprehensive insurance and they reduced this third party for over a month.

Any help is greatly appreciated.

thenudeone

Which insurance company are you referring to?

If the third party was 100% at fault you should have claimed directly from them and not made any claim on your own policy.

tosh2

Is your own insurance company allowed to reduce your fully comprehensive insurance to third party without refunding any money to you?

rs65

If your car is a write off they may be able to cancel cover completely without a refund. Check what your policy says.

ps Third party can be more expensive than comprehensive

forgotmyname

They have already paid out on the car so yes i have heard that before. They will only cover it 3rd party afterwards. Refund for dropping the policy for 1 month. Probably a pittiful amount. Although for some 3rd party is actual dearer than comprehensive insurance. So i wouldnt expect a refund.

Just go elsewhere next year if they insist the car is repaired. Or is that just to cover it comprehensive again?



As the previous post mentioned, Your mistake was claiming on your insurance, You should have claimed from the 3rd party.

thenudeone

...but if the other party is 100% to blame, you should be put back in the same position you were, as far as is possible. Any losses or extra costs should ultimately be paid by the at fault insurer.

So which insurer did you make the claim against?

sithemadmonkey

Your insurance has been reduced to third party only, as you have received a payout (minus scrap value) but kept the car - if you were to be in another crash and receive another payout, you would (in theory) make a profit out of the insurance, which goes against the principle of indemnity.

You have essentially already used the 'comprehensive' element of the policy (receiving a payment if the car is a write-off), so the insurance company aren't so much reducing your cover as keeping the remaining part of the policy (third party liability) going for the remainder of the term.