Accident in company vahicle

vic71_2

I had a accident in my company van in June 2007, in which I hit a third party vehicle which was my fault.:o

I cannot and do not use my van for personal use and I work for a well known multi national utility company where the veicles are registered (I presume) under the company name.

I did not tell my previous personal car insurer at the time. I am in the process of re-newing my car insurance - Do I need to tell my insurance company about my accident (even though I didnt claim from my own insurance) or will the never find out anyway?

If I do tell them will it mean I loose my No Claims bonus?

Thanks in anticipation

Tahiti

If they ask you whether you've had any accidents or claims, and you say no, your insurance could technically become void. You takes your chances...

darich

i think you'll find that they all talk to each other to help find fraudulent claims. You may well get away with it but i wouldn't be in the least surprised if it was discovered - especially if you make a claim on your own policy at some point during its term.

Legally you should. Morally you should.
If you don't you may get away with it and pay cheap insurance. If they find out you'll be uninsured, probably have special conditions imposed on you and then probably be charged a fortune for future policies until that accident drops off your record in 5 years.

raskazz

The answer is in the question. Insurers ask for details of motoring claims, accidents, fires, thefts whether fault or non-fault.

They do not restrict that to 'in your car' or 'in private cars'. So clearly you must disclose it otherwise you are breaching the principle of 'utmost good faith' and jeopardising the validity of your cover.

Think about it, say if someone has had 3 fault accidents in a company van, and the insurer did not ask for details of all claims when giving quotes for private cars, the underwriting system would fall apart.

You will not lose your no-claims bonus. It is only affected by claims on the insured vehicle.

darich

raskazz wrote: »

You will not lose your no-claims bonus. It is only affected by claims on the insured vehicle.

True
But that's not to say the company won't increase your premium thanks to that claim. So you may retain your 60% NCD but it may be 60% of £500 instead of 60% of £400