Is the increased cost of car insurance an uninsured loss?

Foxy-Stoat_3

Just been hit AGAIN in the rear while stationary.......only just got my car back from the garage after the last one 3 weeks ago and my insurance went up £50 because of it, had another non fault claim in 2013 as well.

So that will be 3 non fault claims in one year, luckily only just renewed my insurance so the increase wont be for another year.

Just asking the question if anyone has reclaimed increased insurance costs for non fault accidents or are they not considered an uninsured loss.

Statics are correct, if you have one non fault accident you are likely to have another one.

InsideInsurance

It is hard to recover them because you are talking about an estimated future loss. In 4 years time are you going to be with an insurer that only asks for the claims in the last 3 years (thus no longer applicable) or 5 years (thus it does still possibly impact)? Some insurers dont load for the first non-fault claim, are you going to be insured with one of these or not?

At the end of the day, submit the claim, if its accepted great, if it isnt then decide how hard you want to fight

Foxy-Stoat_3

Well the one I am with now had an increased premium of £54 with the non fault claim, I ran quotes for with and without.

I'll do the same now and see how I go.

I got told that increased insurance cost is not a "head of claim" would I thought was BS to be honest as it would be an uninsured loss as they should put me back to how I was before the accident, financially as well as repairing the car.

InsideInsurance

Foxy-Stoat wrote: »

I got told that increased insurance cost is not a "head of claim" would I thought was BS to be honest as it would be an uninsured loss as they should put me back to how I was before the accident, financially as well as repairing the car.

Its just a very hard head of claim to substantiate quantum on (if we want to go into technical terms)

I've not seen any higher court case where it was out of hand dismissed not due to lack of evidence to substantiate quantum but due to a fundamental issue with the principle of claiming for it.

Presumably you shopped around and didnt just stay with the same insurer blindly?

Foxy-Stoat_3

Yup, I was due to renew my policy less than 2 weeks after the last accident so went on the meerkats and got a baby Oleg for my trouble! Kept the quotations and printed them off with and without the SETTLED non fault accident so I may well put in a claim for the last one as well.

Its the insurance companies fault for loading the premium for non fault accidents....while it is statically proven (by me at the very least) that someone who has been hit in the rear once will have the same thing happen again in the future I don't see how MY insurance company will be at a loss if the same thing happens again as it will be the fault of the other party and they won't be involved in the claim as the other parties insurance will pay out for the repairs.

Joke really.

Suppose no one is going to go to court for increased non fault insurance premiums as they will be minimal compared to the trouble you will have to go through...but may well this time.

OnanTheBarbarian

They will resist the item of claim initially, but will buckle in the end.

So long as you can adequately document the increased cost now, then multiply that by 5 and be prepared to negotiate down a little as you have no way of knowing if you will need to provide 3 year or 5 year history in the future. In addition, it is impossible to say what rates will exist in 12 months time, let alone 5 years.

A bit of "give & take" will be required.

neilmcl

Do you know for a fact that your premium increased specifically because of the 2 non-fault claims during that period? Could you have mitigated this increase by moving insurer at renewal time?

InsideInsurance

Foxy-Stoat wrote: »

Its the insurance companies fault for loading the premium for non fault accidents....while it is statically proven (by me at the very least) that someone who has been hit in the rear once will have the same thing happen again in the future I don't see how MY insurance company will be at a loss if the same thing happens again as it will be the fault of the other party and they won't be involved in the claim as the other parties insurance will pay out for the repairs.

Two main reasons:

a) As insurers cannot recover internal claims handling costs so whilst they get the £5,000 for repairing your car back from the TPI the 10 hours of staff time, that persons desk/computer etc are unrecoverable. The more claims you have the more staff they will need etc

b) whilst you have been fortunate this time and the TP has stopped and been insured there are plenty out there who fail to stop or dont have insurance and so even though these are "non fault" your insurer ends up carrying the can. Clearly the risk is relatively low hence why its "only" a £50 increase -v- the potential loss of a total loss etc, depending on the value of your vehicle that could be a tiny proportion

Foxy-Stoat_3

I re-quoted it at renewal time with and without the non fault claim, it was £54 more with the second non fault accident.

My renewal premium was £125 more than the quoted figure based on last years information, without the second non fault accident.

It was the same insurer.

Quentin

InsideInsurance wrote: »

.......b) whilst you have been fortunate this time and the TP has stopped and been insured there are plenty out there who fail to stop or dont have insurance and so even though these are "non fault" your insurer ends up carrying the can. Clearly the risk is relatively low hence why its "only" a £50 increase -v- the potential loss of a total loss etc, depending on the value of your vehicle that could be a tiny proportion

In that scenario you describe (the third party does a runner) then any claim you make off your own insurance is a "fault" claim! (Fault and Non Fault don't refer to "blame" but to whether or not the insurer is able to get recompensed off a third party)

InsideInsurance

Quentin wrote: »

In that scenario you describe (the third party does a runner) then any claim you make off your own insurance is a "fault" claim! (Fault and Non Fault don't refer to "blame" but to whether or not the insurer is able to get recompensed off a third party)

Hence "" around the term, non fault in the common language meaning that you have no blame for the accident not non-fault from the insurance perspective.