Car insurance wants £26,260.00.

iEKOS

molerat wrote: »

Who drives/drove the car most ?
Whose house is/was the car kept at ?
How do you get to work ?

The answers to those questions will be a great help to those who have responded so far.

At the time, both parents lived with me and the car was at one address. My dad mainly drove the car. I have a repair shop down the road from where we live and I walk there and back.
My dad drove the most. Doing school rounds and commuting to friends and family.
I drove it yes but not as much as my father. I normally took it on the weekend or if I needed to go somewhere if walking was not an option.

Putting the car on my dads name would never had been an issue. Putting it on my name does not give me any benefit on price of the insurance..

I called my home insurance help line and had a long conversation with someone who is sending me a claim form.

I just feel we made an honest mistake and I really as this was not an intention of saving money

vaio

have you read the FOS links above? That should be your next step

Parking_Trouble

Write a letter of complaint to the insurer. check out their complaints procedure. Make sure it is marked Official Complaint.

State the facts clearly and succinctly and the outcome you want.

The FOS will do this for on your behalf if you ask them.

http://www.financial-ombudsman.org.uk/consumer/complaints.htm

The insurer has 8 weeks to respond and if you are not happy with their response you can get the FOS to investigate it for you. That process currently takes months. It should delay any court action until the FOS have given their decision.

my_names_dave

Parking_Trouble wrote: »

Which is why many insurers ask for copies of the V5, drivers licence, etc.

Fraud and money laundering are two different things. I think you have them confused in your stolen card scenario.

Fraud: Wrongful or criminal deception intended to result in financial or personal gain.

In this instance I think they are the same thing.

vaio

my_names_dave wrote: »

Unfortunately not everyone is like that. But trust me, these details get checked. Because it's not just people misrepresenting themselves they are looking for, there are also serial fraudsters who are setting up policies in random peoples names with stolen credit cards in an attempt to try and 'wash' the money through, and all sorts of things that like going on.

I must be having a "thick" moment because I can't see where the benefit or money washing comes about by me buying a policy in a strangers name with a dodgy credit card

my_names_dave

Parking_Trouble wrote: »

Lots of questions for the OP to answer about what was said when the policy was taken out but in my own experience the owner, registered keeper and main driver combination makes little difference to the cost of the policy.

Really? Because if the named driver doesn't have any NCB then that will have to be put to 0 if they were to become the policy holder.

Parking_Trouble

my_names_dave wrote: »

Really? Because if the named driver doesn't have any NCB then that will have to be put to 0 if they were to become the policy holder.

I was only trying to make the point that the main driver doesn't have to be either the registered keeper, or the owner.

Quite clearly only the policyholder can use their NCD.

The OP has said their father is the policyholder and the main driver and the owner (a gift) but not the registered keeper. I am sure the FOS would look on this favourably because there is likely to be very little difference in the cost of the policy.

my_names_dave

vaio wrote: »

I must be having a "thick" moment because I can't see where the benefit or money washing comes about by me buying a policy in a strangers name with a dodgy credit card

You cancel the policy and get them to refund the amount either by cheque in a different name, or turn up at the reception and try and get cash. Or do a mid term adjusment for a small amount on a different card and get them to refund onto that. One case I was involved with involved them bullying an old man into using his bank account for the refunds to go into, and then marching him down to the cash machine to get the money out.

Dangermac

iEKOS wrote: »

Hi guys, I'm new here and hope you guys can guide me please

I was involved in a car accident (October 2012) (my fault)
My insurance company paid out £26,260.00 to the other party.

The policy is on my fathers name and I'm a named driver. The vehicle belongs to my father that I bought for him (my father is retired) and he helps me do the school rounds for my kids..

When I purchased the car, I must have registered it under my name (V5). My sister helped shop around and purchased the insurance. On the application, she must have stated that the V5 has my fathers details (I think its called 'registered owner and keeper or something on the application form).

After conversations with Eldon Insurance Services LTD after the accident (about 2 months after), a patronizing arrogant women on the phone kept quizzing me, asking me who's car it is.. I kept telling her its my fathers and then asked about how I get to work etc (I work round the corner from where I live).

I now have a letter from Eldon Insurance wanting £26,260.00 as the insure has been void due to the car being under my name and not the policy holders name. They want to take both me and my father to court and they want paying by the 25th of September 2013 (next Wednesday).

I am in deep fear and I want to cry, I don't know what to do.

Something a bit odd about this problem:

- I dont understand why the broker (Eldon) are pursuing you. It will be the insurer who are out of pocket and who should be litigating.

- I dont understand why the broker are pursuing you. They have no contract with you. The contract is with your dad.

However:

- It may be worth discussing the matter with the Financial Ombudsman Service

- There are plenty of specialist insurance solicitors in the country. This might be money well-spent, given the amount at stake.

- You need to obtain the insurer's letter confirming exactly why they are holding you/dad responsible for the £26k You can then look to defend your position.

I hope that this helps

DM

Parking_Trouble

my_names_dave wrote: »

Fraud: Wrongful or criminal deception intended to result in financial or personal gain.

In this instance I think they are the same thing.

So why are you talking about washing money?

Money laundering is the process of making the proceeds of crime appear to be income from a legitimate source.