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Accident in work vehicle affect personal insurance

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  • 31-01-2013 7:49pm
    #1
    Registered Users Posts: 1,045 ✭✭✭


    i had an accident in a work vehicle up north and it was under a northern policy, it has all been sorted but now im wondering does this affect my own personal car insurance held in the south, in particular "have you had an accident in the past 5 years" etc...


Comments

  • Moderators, Business & Finance Moderators, Science, Health & Environment Moderators, Society & Culture Moderators Posts: 51,687 Mod ✭✭✭✭Stheno


    Yes you need to declare it.


  • Registered Users Posts: 17,875 ✭✭✭✭MugMugs


    deaglan169 wrote: »
    i had an accident in a work vehicle up north and it was under a northern policy, it has all been sorted but now im wondering does this affect my own personal car insurance held in the south, in particular "have you had an accident in the past 5 years" etc...
    Were you at fault?


  • Registered Users Posts: 1,045 ✭✭✭deaglan169


    it hasnt gone to court yet if even court so im not sure what the police outcome will be on it yet, the insurance side was all handled through work i had no real input to it at all


  • Moderators, Business & Finance Moderators Posts: 17,710 Mod ✭✭✭✭Henry Ford III


    Who paid whom? If your insurer paid out they have essentially accepted liability.


  • Registered Users Posts: 1,045 ✭✭✭deaglan169


    my work insurance has paid out


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  • Moderators, Business & Finance Moderators Posts: 17,710 Mod ✭✭✭✭Henry Ford III


    deaglan169 wrote: »
    my work insurance has paid out

    Disclosure is mandatory and it may affect your premium too.


  • Registered Users Posts: 17,875 ✭✭✭✭MugMugs


    deaglan169 wrote: »
    my work insurance has paid out




    Disclosure is mandatory and it may affect your premium too.

    So you're liable. You'll be obliged to disclose an at fault accident.


  • Registered Users Posts: 1,045 ✭✭✭deaglan169


    great..... thanks for info all


  • Registered Users Posts: 6,326 ✭✭✭Farmer Pudsey


    You have to disclose it at the renewal date, techinaclly it should not effect your insurance however if there was a payout of more than 5K then you will find it hard to change insurers. Insurance companies know this so for years 2-5 you are at the mercy of the system.

    I myself believe that this is unfair as a person that drives vehicle for there employer may be putting up huge milage compare to a social and domestic driver only. Also they may have reduced milage as a private driver you are less likly to go for a spin in the evening if you have put up 3or400 work Km during the day.


  • Registered Users Posts: 1,045 ✭✭✭deaglan169


    would the fact that the accident happened in the north and was processed by a UK insurance compney have any reflect on my own, i feel its very unfair, my insurance is up for renewal in march


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  • Moderators, Business & Finance Moderators, Science, Health & Environment Moderators, Society & Culture Moderators Posts: 51,687 Mod ✭✭✭✭Stheno


    deaglan169 wrote: »
    would the fact that the accident happened in the north and was processed by a UK insurance compney have any reflect on my own, i feel its very unfair, my insurance is up for renewal in march

    No the question is in relation to you as a driver and any accidents you were found to be at fault for, regardless of the vehicle involved.


  • Registered Users Posts: 1,045 ✭✭✭deaglan169


    no way around it so ohh well gotta grin and bear it i guess


  • Moderators, Business & Finance Moderators Posts: 17,710 Mod ✭✭✭✭Henry Ford III


    You have to disclose it at the renewal date, techinaclly it should not effect your insurance however if there was a payout of more than 5K then you will find it hard to change insurers. Insurance companies know this so for years 2-5 you are at the mercy of the system...

    It certainly can affect personal cover, and where did the figure of €5k come from?


  • Registered Users Posts: 6,326 ✭✭✭Farmer Pudsey


    It certainly can affect personal cover, and where did the figure of €5k come from?

    Usually with accidents below this figures if claim is setteled other insurers will still quote however if above this they will not.


    I have declared a an accident from a different policy before however the company stated that it made no difference however the following year my insurance climbed and they did not budge as they knew than I could not price elsewhere.


  • Closed Accounts Posts: 473 ✭✭ThreeLineWhip


    So they would expect me to declare me running down an ox in Cambodia with a hire car?


  • Closed Accounts Posts: 4,754 ✭✭✭oldyouth


    So they would expect me to declare me running down an ox in Cambodia with a hire car?
    Yep, if a claim was paid to the owner of the Ox (or the Ox's dependants. Cambodia is a funny place)

    Bottom lines is that you must disclose it to your personal insurer. However, they cannot affect your NCB unless they had to contribute to the cost of the claim. If your insurers have a rate increase, you'll have to suffer that, as alternative insurers are unlikely to offer a quote if the loss was above €3k/€5k


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