Pending claim and now at renewal

tain

We had a collision back in September, we're 100% certain we're not at fault (they reversed into us on purpose), but we're relying on the statement of an independent eye witness to succeed in our claim.

Anywho - we're due for renewal in a few weeks, and as you can imagine, our renewal premium has doubled.

As we have no guarantees at all regarding our claim, we have to presume that any renewal we get will no longer have any NCB on.

Now, if the claim goes against us it doesn't really matter about our renewal - we just put it with whoever is cheapest.

But what happens if down the line our insurance comes back in favour of us, and our NCB is reinstated? If that happens in 6 months' time, we would have overpaid on insurance to the tune of £300-400. Can we also claim this money back on the insurance claim, if we get quotes now that include our hypothetical NCB? Or are we stuffed and will always be out of pocket?

Secondly, if we find a cheaper quote than our renewal that has no NCB applied, but if/when our NCB is reinstated we achieve a cheaper quote from a different provider, would it be possible to claim any exit fees back from the insurance?

And in any of these instances, is it better for us to renew with our current provider until the case is settled, and then check the market at that stage?

Any help is appreciated.

Quentin

It will be easier to get any overpayment refunded should you be found to have no liability regarding the claim if you renew with your current insurer.


You lose 2 years NCD - usually from a max of 5 - (and none awarded for the current year) after a claim, so if you had in excess of 2 years NCD at the start of the policy year then you will have some to use at renewal.


If you decide to change insurer then explain the circs to your new company and ask if they will amend your premium and refund any difference due back to you if your "lost" NCD is reinstated. If they agree then ask therm to confirm this back to you in writing.

tain

Quentin wrote: »

It will be easier to get any overpayment refunded should you be found to have no liability regarding the claim if you renew with your current insurer.


You lose 2 years NCD - usually from a max of 5 - (and none awarded for the current year) after a claim, so if you had in excess of 2 years NCD at the start of the policy year then you will have some to use at renewal.


If you decide to change insurer then explain the circs to your new company and ask if they will amend your premium and refund any difference due back to you if your "lost" NCD is reinstated. If they agree then ask therm to confirm this back to you in writing.

Thanks, that's massively helpful. I'll see how competitive our renewal is (and haggle if they'll allow it), then take it from there.

Cheers!