Bank details for transfer from "random stranger"

Notepad_Phil

xlnc99 wrote: »

This is the most ridiculous thing i have ever heard in my life. If someone smashes a wing mirror and the third party pays for it - you DO NOT have to tell your insurance company and as others have said you would be barking mad to tell them and increase your premiums.

The less you involve your insurance for any accident the better. If you have any sort of accident that isnt your fault and the other party pays for it to be fixed it is ALWAYS better to go down that route and fix it yourself.

Well there's a lot of other people who would say otherwise including this link from Which https://www.which.co.uk/consumer-rights/advice/ive-been-in-a-car-accident-do-i-have-to-claim-on-my-insurance that says "If you’ve been in a car accident, you don't have to claim on your insurance but you do have to tell your insurer. "

I've never been in this situation, but it was always my understanding that you had to report all car accidents, regardless of whether you were going to make a claim or not.

colsten

zagfles wrote: »

You have this in writing from them, presumably? A quick google will shows you loads of insurers, comparison sites and consumer information sites all of which say you need to inform your insurer of no fault accidents. Read the T&Cs of your current insurance. You will definitely need to declare it on renewal.

All I can say is that you are definitely wrong.

I did not have to tell my insurance. There is nothing in my motor policy terms that says I cannot settle with a 3rd party w/o telling my insurance.

I have since renewed my policy. There wasn't even any question about any 3rd party damage / unreported incidents.

Also, as I said to ffacoffipawb: I am satisfied that the Auxillis are not wrong as they are experts in Accident Management, authorised by the FCA, too. Your credentials?

I don't now plan to continue this ridiculous discussion any further, btw.

ffacoffipawb

colsten wrote: »

All I can say is that you are definitely wrong.

I did not have to tell my insurance. There is nothing in my motor policy terms that says I cannot settle with a 3rd party w/o telling my insurance.

I have since renewed my policy. There wasn't even any question about any 3rd party damage / unreported incidents.

Also, as I said to ffacoffipawb: I am satisfied that the Auxillis are not wrong as they are experts in Accident Management, authorised by the FCA, too. Your credentials?

I don't now plan to continue this ridiculous discussion any further, btw.

London Capital and Finance were also authorised by the FCA.

ffacoffipawb

colsten wrote: »

I am satisfied that they are not wrong as they are experts in Accident Management, authorised by the FCA, too. Your credentials?

I used to work in motor insurance premium rating and underwriting until 2016. I know what I am talking about here.

nick74

zagfles wrote: »

I do like to think like a scammer, so I can spot scams, but I'm really struggling with this one.

Are you suggesting the scammer deliberately broke the wing mirror so he could obtain the OPs bank details? What would he then do with them? Other than the easily reversible DD prank played on JC?

As I often point out on this forum, where I work we send out tens of thousands of invoices each year, all over the UK (and the World) with our full bank details shown clearly on the bottom. In just over a decade of doing so the number of scammers who have extracted money from our account using these bank details totals precisely zero.

And, to those who think that BACS and Faster Payments are easily reversed all I'll say is you flippin try it then! Guess who found that out the hard way after paying an employee's monthly salary with one digit of their account number wrong..

zagfles

colsten wrote: »

All I can say is that you are definitely wrong.

I did not have to tell my insurance. There is nothing in my motor policy terms that says I cannot settle with a 3rd party w/o telling my insurance.

I have since renewed my policy. There wasn't even any question about any 3rd party damage / unreported incidents.

Every insurance company says you have to declare accidents, whether you claimed or not! Read your car insurance T&Cs. Carefully!

Also, as I said to ffacoffipawb: I am satisfied that the Auxillis are not wrong as they are experts in Accident Management, authorised by the FCA, too. Your credentials?

I don't now plan to continue this ridiculous discussion any further, btw.

You really think an "expert" never gets things wrong :rotfl:Particularly verbally? I bet you don't have it in writing that there's no need to declare the accident to your insurance company when you renew. Do you?

I've been told utter rubbish by so called experts. The pensions board is full of examples of FCA regulated advisors who have told clients utter rubbish. We've just been discussing one in another thread.

Just google the subject. Look at the websites of insurers, comparison sites, and consumer bodies. They all say the same thing. You have to declare accidents, whether you claimed or not.
Here's an example from Direct Line's T&Cs which is typical:

https://www.directline.com/lib/pdf/dl-car-policy-document.pdf

You must tell us before the next renewal date (or at the time you are making any of the changes already mentioned) if you or anyone covered by this policy have:• had insurance cancelled by an insurer. This includes a policy declared null and void (as though it has never existed), a renewal declined by an insurer or a policy cancelled by an insurer due to, but not restricted to, non-payment, fraud or misrepresentation;• had any accidents, thefts or losses (whether a claim was reported or not and regardless of blame);• had any motoring offences including convictions, endorsements, penalty points, fixed penalties (excluding parking penalties), speed camera offences, disqualifications or criminal prosecutions pending;Failure to provide correct information or inform us of any changes could adversely affect your policy, including invalidating your policy or claims being rejected or not fully paid

xlnc99

Terms and conditions - blah blah

Too many people are too fixated on terms and conditions. 99% of people in the world let alone UK would not tell their insurance company if they had an accident (minor one) such as someone clipping their wing mirror and got it settled outside.

Do you realise why this is written in their terms and conditions? Its all for marketing and data collection and nothing else.

Seriously guys - you are grown adults here. I agree with colsten - this is a ridiculous debate.

zagfles

xlnc99 wrote: »

Terms and conditions - blah blah

Too many people are too fixated on terms and conditions. 99% of people in the world let alone UK would not tell their insurance company if they had an accident (minor one) such as someone clipping their wing mirror and got it settled outside.

So 99% of people are stupid then. Like people who bought endowments, PPI, etc. They don't understand what they're doing. They don't read stuff.

Do you realise why this is written in their terms and conditions? Its all for marketing and data collection and nothing else.

:rotfl:yeah right! They're just nosey! It's not like insurers ever want some excuse to wiggle out of paying a claim, is it?

Seriously guys - you are grown adults here.

You don't seem to be. You'd rather not declare something your insurer says you must declare because it might cost you a few pounds more (literally)? Grow up, insurance fraud could mean you lose your house if they refuse to pay a substantial claim.

In the last 8 years I've declared 2 non fault accidents to my insurer, even though I pursued them direct with the third party. Made no noticeable difference to my renewal, in fact in one case the renewal was lower the following year! In the other it was £8 more, but that was probably normal fluctuation in price. Maybe they reward honesty! Or think you're less of a risk if you declare stuff like this.

xlnc99

Ile be brief -

Point 1 - I think your are confused. Maybe if you read slowly you will understand properly. I said 99% of people if they had someone clip their wing mirror and sorted out the issue amongst themselves without involving insurance WOULD NOT inform their insurance company of what happend. That is a FACT!

Point 2 - What on earth are you talking about a claim for? Why would an insurance company pay for a 'claim' or try to 'wiggle out of a claim' when you are informing them of an accident that has already been settled. There is no claim! Again - Read again slowly. Insurance companies have no business to know if someone has clipped your wing mirror or not and you repaired it yourself. Unless you are claiming or it is anything invalidates your insurance i.e modified parts and i believe there is something about exported parts. Otherwise there is nothing to tell. Its all for data collection and marketing - nothing else.

Point 3 - Insurance Fraud! LOL. Wow - i have now heard it all. Insurance fraud for someone hitting your car door leaving a tiny scratch and giving you 50 quid to repair it yourself. Erm........ How is that insurance fraud?

Seriously - you need to have a lie down.

zagfles

xlnc99 wrote: »

Ile be brief -

OK I'l bite...just for fun...

Point 1 - I think your are confused. Maybe if you read slowly you will understand properly. I said 99% of people if they had someone clip their wing mirror and sorted out the issue amongst themselves without involving insurance WOULD NOT inform their insurance company of what happend. That is a FACT!

Is it REALLY? What is your evidence for this FACT? Or did you just make it up? Maybe it's 98%, or 60%? Or 75.2%?

But I digress. My response to this "FACT" was that 99% of people are stupid then. As I said, like those who took out PPI, endowments, payday loans etc. Bad financial decisions. Made by lots of people. Maybe not 99%, but I can invent percentages too. 98.5%

Point 2 - What on earth are you talking about a claim for? Why would an insurance company pay for a 'claim' or try to 'wiggle out of a claim' when you are informing them of an accident that has already been settled. There is no claim!

Ah yes, this has clearly confused you. I thought it was obvious, but I was talking about any future claim you might make. For instance if, in the future, you seriously injure someone in a fault accident, perhaps due to a moment's inattention. Your insurance company look to wiggle out of it by discovering the previous accident which you didn't tell them about. And which their terms require you to tell them about.

Again - Read again slowly. Insurance companies have no business to know if someone has clipped your wing mirror or not and you repaired it yourself.

Read slowly. Yes. They. Do.

Unless you are claiming or it is anything invalidates your insurance i.e modified parts and i believe there is something about exported parts. Otherwise there is nothing to tell. Its all for data collection and marketing - nothing else.


Point 3 - Insurance Fraud! LOL. Wow - i have now heard it all. Insurance fraud for someone hitting your car door leaving a tiny scratch and giving you 50 quid to repair it yourself. Erm........ How is that insurance fraud?

If you take out insurance, or renew insurance, without telling the insurer all the relevant facts that they ask for, then it's probably fraud. Actually, I'm not sure about that, but it can certainly invalidate your policy.

Seriously - you need to have a lie down.

I can't. My sides are hurting :rotfl: