Quick no claims (Car) query

Happy_bunny

I have 2 years continuous NCB with my current insurer, just expired.

At the end of July my car was struck by another vehicle, entirely their fault and liability accepted. Claim made to my insurers who have pursued a 'no fault damage claim' against the other parties insurance.

My car has now been written off as uneconomical to repair and the insurers about to release payment.

When I purchase another vehicle, and obtain insurance quotes, do I still have any NCB? Has it gone for now? I Had no NCB cover/protection. Do I state that I have been involved in an accident? Whats the 'process' for making it clear that there was an accident but it wasn't my fault?

Finally will this have an adverse affect on my insurance and cost and do I need to inform my work - Drive a company van which is covered by the firms insurance.

TIA,

dacouch

Who is the cheque (To you) for your written off car actually coming from?

Your own Insurer or the other Insurer?

Quentin

From what you say you have made a claim off your own insurance, though you may in fact have been handed over to an accident management company who have pursued your claim directly against the third party.


There is a difference in how NCD is handled depending on which is the correct scenario.


If you have claimed off your own insurer, then they will temporarily deduct your NCD until the third party have reimbursed them all their outlay in full.


When this is done your lost NCD will be reinstated. Check this with your insurer - if they have temporarily deducted it you have nil NCD at present to take to a new insurer. (Explain the circs to any new insurer and see if they will agree to amend your premium if you do get your NCD reinstated, and if they agree get them to confirm this to you in writing)


If an accident management company has taken on your claim then your NCD will be intact throughout.


You do disclose this write off as part of your claims history - you will be asked the details when you can make it clear the damage was caused by a third party.


You may get a loading to future premiums now that you have this claim on your record.


You need to check your work's policy for company drivers to see if they need to know about any accidents/claims you are involved in when driving your private car.


(If ever you have any incident/claim/loss in the firm's van then you do need to inform your own insurer about it)