Hit and run victim
in Campaigns corner
4 replies 354 views
Is there a campaign lobby insurance companies about their treatment of victims of hit-and-run drivers? My stationary car, parked outside my house, was badly damaged by a hit-and-run driver. There were several witnesses but no-one got the number. My insurance company paid for the repairs but would not register a no-fault claim as they were unable to recover their costs. I am seriously out of pocket as a result: 1. I have lost my no-claims bonus. 2. My insurance premium on both my cars has increased. 3. My partner's car insurance has also increased as I am a named driver on his policy. The insurance industry needs to look at this - driving off without stopping after an accident is illegal.
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You are liable sadly as they are unable to recover the costs
Ride hard or stay home :iloveyou:
Right now it makes no difference to the majority of insurers if you mess up your parking and hit a bollard or if someone else messes up their parking and hits your car then leaves without giving their details... if you changed that such that one of these events is now a negative claim and the other is a neutral claim what do you think will happen to the ratio of bollards -v- hit and runs?
Not only that but the volume of claims will also go up as people now dont claim for minor damage caused in a hit and run because they know the impact on premiums will be greater than the repair costs whereas remove the majority of the premium loading and you open up the claims. A former piece of work I did was to introduce how vandalism claims were handled in terms of excess, NCD, premium loading etc and in the 6 months after making the changes there was an increase of 40% in the number of claims being made. Those extra claims have to be funded by extra premiums but as the marketing message stood that was an extra premium from everyone not just those making the claims.