Car insurance and non-fault claim headaches!

bazzyb

huckster wrote: »

You have to be careful making clear what your point is or you will get jumped on. Yes it is fronting a loan for someone else and not insurance fronting.

I suspect you are correct that Ford would not normally allow the V5 registered keeper to be anyone else, but the person who took out the loan. The simple reason for this, is that if any loan is not being paid back, they know who the registered keeper is. They could start repossession proceedings. If they allowed the car to be registered in any name or address, it just makes it more difficult for Ford.

The OP has not clarified whether his Insurers have involved Ford in the settlement of the claim.

True, I thought my comment would be clear as I was referring to finance and not insurance. Perhaps using the phrase accommodation deal would have been clearer but it's much more commonly referred to as fronting.

The point I was making was that if the policy was new for old and provided a new car, this would be provided to the finance company and not to the OP. If the finance company are now aware of the fronting/accommodation which they were not aware of previously, then they may not be willing to continue with the existing finance agreement and transfer it on to the new replacement vehicle.

Quentin

Fridge03 wrote: »

.....One very angry phone call to Lloyds Insurance and Covea coming up tomorrow.....

You need to take care over your anger - this problem look's to be all down to you and your insurer looks to have grounds to void your policy (Maybe that is what the £1150 "settlement" is - a return of premium???)

Fridge03

Quentin wrote: »

You need to take care over your anger - this problem look as to be all down to you and your insurer looks to have grounds to void your policy (Maybe that is what the £1150 "settlement" is - a return of premium???)

A problem of my causing?

There I was, sat at home enjoying my evening and some drunken idiot destroys my car? And that's a problem of my causing?......

I have done nothing deliberately wrong. There has been a genuine !!!! up in regards to selecting wrong box on policy with registered keeper but that's it. No fronting with insurance or finance.

I thought this was meant to be a place of help, instead it's just full of people who seem to take pleasure on mocking or belittling others.


For those that care, Covea have confirmed that they made a mistake with value of settlement. It was meant to be £15000 not £1500.
This leaves me of a shortfall of £2k on finance and no, I didn't take out GAP because of the new for old on policy.

I have informed them of everything and the genuine error. Their policy does actually state New for Old if You or Partner are registered keepers, so hopefully they may accept a parent.
If that fails, I'll be going through the other parties insurance (who I spoke today) who will settle it regardless of the V5. Then I'll have to argue the value they give me to as near as possible the outstanding finance.

huckster

The owner of the car can issue a court claim if necessary against the third party driver to recover any loss amounts that are not covered by insurance

Just need to wait until the amount of any loss is known, then issue a letter before action to the third party driver providing full details of unisured losses, before issuing a court claim if necessary.

Quentin

Don't shoot the messenger. Throughout you have been given sound a advice.

Accept the mistake was yours! No one else is to blame for you making an incorrect insurance application.

Covea look to be using the policy wording on the new car in first 12 months following a write off by wanting to pay you market value - but this is good news as they don't look to be wanting to use your mistake to get out of the claim altogether!

Quentin

huckster wrote: »

The owner of the car can issue a court claim if necessary against the third party driver to recover any loss amounts that are not covered by insurance

Just need to wait until the amount of any loss is known, then issue a letter before action to the third party driver providing full details of unisured losses, before issuing a court claim if necessary.

The difference between market value and the amount outstanding on any finance deal is not an "uninsured loss" that is the responsibility of the third party

huckster

Quentin wrote: »

The difference between market value and the amount outstanding on any finance deal is not an "uninsured loss" that is the responsibility of the third party

I believe you can issue a court claim for any loss you can quantify as having suffered, as a result of the actions of a third party.

Quentin

huckster wrote: »

I believe you can issue a court claim for any loss you can quantify as having suffered, as a result of the actions of a third party.

Yes you can issue a claim for any amount. Whether it is successful or not is a different matter.


The liable third party cannot be held responsible for any loss caused because of a shortfall on a loan because the market value of the car doesn't wipe out the outstanding debt.

Aretnap

huckster wrote: »

I believe you can issue a court claim for any loss you can quantify as having suffered, as a result of the actions of a third party.

But the point is that any amount outstanding on the finance deal is not a loss that you've suffered as a result of the accident - it's a debt that you would have to repay accident or no accident.

Fridge03

As you can imagine, I'm incredibly stressed about the whole matter hence the short fuse.

To top if off, I am without a vehicle for my holiday in 2 weeks. I am driving to France with the other half and dog to see family. Not allowed to take courtesy car abroad and it costs a fortune to take one from here over.

Just got off the phone to Covea regarding the New for Old. Finally spoke to a someone useful who confirmed that even though the policy wording says "you or partner" as first registered keepers that they will accept it being my parent as they are clearly the first keeper, related and a named driver on the policy anyway. So hopefully this whole affair will be drawing to a close sometime soon.

Still not sure what to do about my trip though. Could I claim back through his insurance/take him to small claims to recover the cost of a rental car?