Insurance question

Our man in Havana

Ok further to my recent thread I have discovered that my insurance company has closed off a claim and paid out absolutely nothing to the other guy. They have restored my NCB to the full 5 years

Now do you have to declare this to future insurers? It seems that places like AXA and Hibernian still load on the basis of being not at fault in an accident. Some companies say that once they have not paid out you don't need to declare it. Others like Quinn ask about no fault accidents.

I would be grateful to hear of your opinions.

Seth Brundle

It appears that there are no claims (one was dismissed) against your policy so IMO nothing to declare!

robtri

it would appear to be no claims, but a lot of insurers ask the question, have you been involved in an accident in the last 5 years.... if they ask you that, then you are obliged to be honest and tell them yes and give the details on it...

might be no claim, but there still was an accident...

Hooch

kbannon wrote: »

It appears that there are no claims (one was dismissed) against your policy so IMO nothing to declare!

+1 They cant hold that against you. If they did then they are finding you liable....even though your insurer found you in the right.

Once you have your NCB then your find IMHO. (But im no expert like the Garda on Traffic blues last week:rolleyes::D)

Our man in Havana

robtri wrote: »

it would appear to be no claims, but a lot of insurers ask the question, have you been involved in an accident in the last 5 years.... if they ask you that, then you are obliged to be honest and tell them yes and give the details on it...

might be no claim, but there still was an accident...

And some are holding it against me. Principle of no smoke without fire.

Wishbone Ash

robtri wrote: »

have you been involved in an accident in the last 5 years....

Yes, this appears to be the problem. They don't ask if you have been involved in an accident that was your fault.

A good few years ago, while driving a vehicle belonging to our employer, one of my work colleagues was involved in an accident where he was not at fault. On renewing his private motor policy, he was asked if he was ever involved in an accident. He answered truthfully that he was and explained that it was in an employer's vehicle and that he, and the employer were not held liable. They still loaded him!

Keith C

Just ask your current insurance company for a one liner on headed paper stating the one claim reported was settled with no payments to you or third party.
That along with your 5 yr NCB should sort ya out.

Henry Ford III

Accident must still be declared.

oldyouth

robtri wrote: »

it would appear to be no claims, but a lot of insurers ask the question, have you been involved in an accident in the last 5 years.... if they ask you that, then you are obliged to be honest and tell them yes and give the details on it...

might be no claim, but there still was an accident...

I have to agree 100%. You are obliged to declare it but I am staggered that some insurers are taking it in to consideration. Closing off a claim against you with nil payment is a full vindication of your position.

robtri

oldyouth wrote: »

I have to agree 100%. You are obliged to declare it but I am staggered that some insurers are taking it in to consideration. Closing off a claim against you with nil payment is a full vindication of your position.

I believe that there is some evidence, to show that statiscally if you have one accident, whether your fault or not, you are statistically more likely to have another accident over somebody who hasn't had an accident in the last couple of years... I believe that this is the case and the reason for the loading iirc