Selling car while involved in an Insurance claim

OnTheRoad14

I had a minor accident today (first ever which is really annoying). The damage to my car is non-exsistant but other driver will likely make a claim.

I just wondered if there is any reason to stop me selling my car while the insurance claim takes place?

Also, how long is that likely to take. I'd like to know when the damage to my wallet is likely to be done.

Thanks

lesalanos

The damage to your wallet will be when you renew your insurance.

Aretnap

If there's no damage to your car, or if you're not bothered about making a claim for your own repairs, then there's no reason why you can't sell the car while the third party claim is ongoing. Obviously if you did want your car repairing, that would be difficult if you'd already sold it.

How long it will take to settle is one of those "how long is a piece of string" type questions, but don't be surprised if it takes months rather than weeks. If you take out a new policy in the meantime you'll have to declare it as an unsettled claim, and your no claims bonus will generally be temporarily reduced unless/until it's clear that the third party won't be getting any money from your insurers - generally because the claim is settled as being his fault.

Retrogamer

They can claim for personal injury reasons within 3 years normally, but not sure about damage to their car.

Were you at fault for the accident and if they make a claim, will you dispute liability?

I've seen liability disputed claim investigations go on for over 2 years before, but that's usually only for complex accidents where liability isn't clear.

I'd expect it, if all goes normally from claim to settled & closed approx 1 - 2 months

InsideInsurance

OnTheRoad14 wrote: »

I had a minor accident today (first ever which is really annoying). The damage to my car is non-exsistant but other driver will likely make a claim.

I just wondered if there is any reason to stop me selling my car while the insurance claim takes place?

Also, how long is that likely to take. I'd like to know when the damage to my wallet is likely to be done.

Thanks

Who is at fault for the accident?

Speak to your insurers in case they want to inspect the vehicle to confirm the extent of damage (or lack of it). It would be an unusual thing to do but is occasionally useful in cases of disputed liability or to defend PI cases etc.