Non fault claim or Notification of Incident ?

aabs

Recently my vehicle was hit from behind and the third party accepted liability for the incident. Claim amount approx £1500 to get my vehicle repaired.
I contacted my insurer and got the ball rolling with a repairer of my choice and not theirs.

Now my question, I received a telephone call from the drivers insurance company which hit me asking if I would consider them taking control of my claim as their customer had admitted liability for the accident.
This would involve me cancelling the claim with my insurance and still having the repair made at the garage I had chosen but paid for directly by the insurance of the driver that hit me.

Done a little research and my findings so far are below but would like further knowledge if anyone has been through this or knows a little more ?

Non fault claim =
my insurance pay for my repair and then claim from driver at faults insurance. This still means I have a no fault claim against my policy but I some kind of control to what happens if repair isn't satisfactory.

Notification of Incident =
No claim made against my insurance but claim dealt with and paid for by insurance of the driver which hit my vehicle. This means I won't have a claim against my policy but loose the control if I'm not happy with the repair.

Whats the pros and cons of each as I've spoken to both his and my insurance and cannot get a straight answer ?

stator

How much no claims bonus will you lose if you make a claim?
Claiming on your own insurance is the safest option, but you might lose some or all of your no claims
Your insurance will go up at renewal anyway since you've had an accident, regardless of whether you claim or not. It will just go up more if you lose your NCB.

DUTR

aabs wrote: »

Recently my vehicle was hit from behind and the third party accepted liability for the incident. Claim amount approx £1500 to get my vehicle repaired.
I contacted my insurer and got the ball rolling with a repairer of my choice and not theirs.

Now my question, I received a telephone call from the drivers insurance company which hit me asking if I would consider them taking control of my claim as their customer had admitted liability for the accident.
This would involve me cancelling the claim with my insurance and still having the repair made at the garage I had chosen but paid for directly by the insurance of the driver that hit me.

Done a little research and my findings so far are below but would like further knowledge if anyone has been through this or knows a little more ?

Non fault claim =
my insurance pay for my repair and then claim from driver at faults insurance. This still means I have a no fault claim against my policy but I some kind of control to what happens if repair isn't satisfactory.

Notification of Incident =
No claim made against my insurance but claim dealt with and paid for by insurance of the driver which hit my vehicle. This means I won't have a claim against my policy but loose the control if I'm not happy with the repair.

Whats the pros and cons of each as I've spoken to both his and my insurance and cannot get a straight answer ?

You notify your insurance, I let an accident management company deal with their insurance company, on your renewal it will show as notified and fully recovered. I have found it didn't affect my policy in a negative way, my renewal was lower than the previous year.

System

I'm in a similar position I've been hit by another driver who has admitted liability , we are both with the same insurance company who have closed my claim and will put everything through her insurance.
Presumably I have to declare this for the next 5 yrs.

aabs

stator wrote: »

How much no claims bonus will you lose if you make a claim?
Claiming on your own insurance is the safest option, but you might lose some or all of your no claims
Your insurance will go up at renewal anyway since you've had an accident, regardless of whether you claim or not. It will just go up more if you lose your NCB.

Full NCD protected so that won't make any difference for me.
I'm trying to establish which method would have a more negative effect on my future quotations and renewal.
I don't remember seeing an option for notice of incident when filling out quotation questionnaires.

I'm not injured so don't require a personal injury claim and a little more research as uncovered that if I use the other drivers policy I won't have to pay my excess upfront and wait for the claim to be settled before being reimbursed so + 1 for using 3rd party at the moment

[Deleted User]

The will both have the same effect on future costs. You had a no fault accident, it doesn't matter which company you claim with. The only question they ask when doing quotes is if you had any accidents, and was it your fault or not?

Some companies will charge you more for having no-fault accidents, some won't. If you can show that the best offer you had on a like-for-like policy is more expensive after the accident you can claim the difference from the TP's insurance. It probably won't be much though, as the more sensible companies have realized that punishing customers for things that were not their fault is a good way to lose revenue fast.

Quentin

aabs wrote: »

.......I'm trying to establish which method would have a more negative effect on my future quotations and renewal.
I don't remember seeing an option for notice of incident when filling out quotation questionnaires........

Whichever way you go won't make any difference as far as your future quotes/renewal are concerned.


You are now making a claim (whichever insurer you claim off) and will have this claim to disclose when getting quotes.


(In your OP you say you have "got the ball rolling" with your own insurer, so check whether it isn't too late for you cancelling the claim with them - if they have incurred any costs dealing with this they would want reimbursing should you cancel)