car stolen, insurance question

carzony

Hi guys, well my car was stolen last night (I was away and only back from holidays a couple of hours) Anyway the police and that have been informed ect, ect,, Thing is all my insurance and license details were in the car so I can't check on my policy till tomorrow but this is doing my head in ..

I am only third party fire and theft so if my car isnt found what happens exactly? will it affect my ncb? will my insurance increse next year?

My car was a starter car 1997 micra so i'm amazed they took it acutally :mad::mad:

Anyway if anyone could enlighten me i'd appreciate it .

CiniO

carzony wrote: »

Hi guys, well my car was stolen last night (I was away and only back from holidays a couple of hours) Anyway the police and that have been informed ect, ect,, Thing is all my insurance and license details were in the car so I can't check on my policy till tomorrow but this is doing my head in ..

I am only third party fire and theft so if my car isnt found what happens exactly? will it affect my ncb? will my insurance increse next year?

My car was a starter car 1997 micra so i'm amazed they took it acutally :mad::mad:

Anyway if anyone could enlighten me i'd appreciate it .

Tell us which Insurance company are you with?

All answers you will find in the policy document, which is most likely available online.

Henry Ford III

If there's a claim you'll lose your ncb - unless it's fully protected or you have step back protection.

Gophur

For a 1997 MICRA do not bother making a claim and you should be OK.

Zubeneschamali

carzony wrote: »

My car was a starter car 1997 micra so i'm amazed they took it acutally

With a car like that, there's a good chance they nicked it just to go somewhere in, and it'll turn up parked, with some damage to the steering lock and igniiton wiring. Older cars, especially Japanese ones, are easier to steal than more recent models with immobilisers.

jinkybhoy

with most insurance companies you won't lose your insurance no claims discount for a fire or theft claim - If you advise what company I'll be able to tell.

Also the exces will probably be in the region of 250 - 300 euro..higher in some cases.

Let me know - I'm an insurance broker.

Cheers

Jinky

jinkybhoy

As I said in above reply - the majority of insurance companies will NOT knock your no claims bonus for a fire or theft claim, so an increase in premium would only occur due to an increase in the overall insurance premiums.

Jinky

jinkybhoy

They may increase the base premium but this is either due to a rate increase (which is across the board and not just for this client) or a claims loading in the case of a high number of claims (but this would need to be noted on the premium breakdown as a seperate charge and can't just be listed under the base premium).

For a theft claim, if your not happy with the quote you get at next renewal, you can always move elsewhere, as your bonus will not be affected (in the majority of cases) and there will be no penalty for the theft claim (with the majority of campanies)

Henry Ford III

jinkybhoy wrote: »

They may increase the base premium but this is either due to a rate increase (which is across the board and not just for this client) or a claims loading in the case of a high number of claims (but this would need to be noted on the premium breakdown as a seperate charge and can't just be listed under the base premium).

For a theft claim, if your not happy with the quote you get at next renewal, you can always move elsewhere, as your bonus will not be affected (in the majority of cases) and there will be no penalty for the theft claim (with the majority of campanies)

If insurers don't withdraw ncb for a fire/theft claim, why do they charge for it?

If that was the case people wouldn't buy tpft, and just buy tp only.

jinkybhoy

f insurers don't withdraw ncb for a fire/theft claim, why do they charge for it?

I'm not with you on that sorry:) - they do charge for it - they payout on the claim but they don't knock your bonus..

if that was the case people wouldn't buy tpft, and just buy tp only.

If you only bought TPO - you wouldn't be covered for fire or theft so they argument wouldn't happen. They wouldn't pay out.

Most companies don't do Third Party only on cars anymore.

Henry Ford III

jinkybhoy wrote: »

f insurers don't withdraw ncb for a fire/theft claim, why do they charge for it?

I'm not with you on that sorry:) - they do charge for it - they payout on the claim but they don't knock your bonus..

if that was the case people wouldn't buy tpft, and just buy tp only.

If you only bought TPO - you wouldn't be covered for fire or theft so they argument wouldn't happen. They wouldn't pay out.

Most companies don't do Third Party only on cars anymore.

I get your point but it still confuses.

So if someone pays an extra €100 for f&t they've carte blanche for those claims?

MugMugs

Henry Ford III wrote: »

If there's a claim you'll lose your ncb - unless it's fully protected or you have step back protection.

From memory Zurich and Aviva dont consider theft an at fault claim and dont hit the NCB. Plus if you can get a statement of claim from your previous insurer and account of NCB pre claim they will restore your NCB to what it was

carzony

I'm with axa people.. Even my bleedin license was in the car

MugMugs

carzony wrote: »

I'm with axa people.. Even my bleedin license was in the car

Well pick up the phone and ring them

You dont get chanrged for making a notification and can withdraw whenever you want.

If you wish to claim later on down the line then failing to notify them now could prejudice your position and lead for a declinature.

Gophur

Why would you claim for a 1997 Micra?

Make a claim and you're rendered uninsurable by all but your present insurer for the next five years, regardless of whether you have protected NCB or not.

Zubeneschamali

Henry Ford III wrote: »

So if someone pays an extra €100 for f&t they've carte blanche for those claims?

Unless the ins. company suspect that you stole and burnt your own over-insured car. :P

jinkybhoy

Gophur wrote: »

Why would you claim for a 1997 Micra?

Make a claim and you're rendered uninsurable by all but your present insurer for the next five years, regardless of whether you have protected NCB or not.

That's incorrect - see previous posts - majority of insurers do not penalise for fire or theft claims - you can quite easily move from one insurer to another.

This WOULD apply to all other types of claims ie Material damage or personal injuries but not in all cases (its dependent on amounts paid out also).

Gophur

jinkybhoy wrote: »

That's incorrect - see previous posts - majority of insurers do not penalise for fire or theft claims - you can quite easily move from one insurer to another.

This WOULD apply to all other types of claims ie Material damage or personal injuries but not in all cases (its dependent on amounts paid out also).

Try looking for an Insurance quote with you having made a claim inside the last 5 years. The number of companies who will touch you will be small , the number who will not penalise you will be even smaller.

You can move, easily, but likely to be at a price.

Again, I say, claiming for a 1997 MICRA is not worth while.

MugMugs

Gophur wrote: »

Again, I say, claiming for a 1997 MICRA is not worth while.

Errmm, Who are you to say that ?

You dont know the OP's financial position.

jinkybhoy

Gophur wrote: »

Try looking for an Insurance quote with you having made a claim inside the last 5 years. The number of companies who will touch you will be small , the number who will not penalise you will be even smaller.

You can move, easily, but likely to be at a price.

Again, I say, claiming for a 1997 MICRA is not worth while.

I'll refer you again to previous posts.

Theft and fire claims are a different kind of claim to a material damage or personal accident claim. they are treated differently by the majority of insurers.

Sorry Gophur but what you are saying completely incorrect and I'll say it again - I'm 13 years in the insurance business - He will not be penalised for a theft claim by his current insurer (axa) or the majority of other insurers.

The chances are he will be able to move to another company and probably get it cheaper - there will be no penalty or extra premium to pay due to the theft claim.

This is a fact Gophur - Its written in the various policy documents of insurers.
Page 15 and 23 of the online policy booklet for AXA clearly states this and most insurers will have exactly the same wording in their policy booklets.