Insurance claim question

Jimmy Bottles

Hi. I had a crash and I'm accepting responsibility for it.

Quick question, for various reasons I want to pay cash (a small sum) to the person I crashed into. That's the way they want it too (no insurance involvement). They are fully insured and above board.

At the same time, due to the cost involved, I want to claim off my insurance for my own cars repair. When I report the crash to my insurance provider, can I just claim for myself and tell them that I have settled personally with the person I crashed into ?




On other small question. I have no claims protection with 123.ie. Is my premium going to go up any bit eventhough I have this no claims protection with them in the event of a claim ?

pudzey101

have you fully comp or TPFT ?

Jimmy Bottles

I'm fully comp hence I'll be making a claim for my own car.

Henry Ford III

Why would you pay the 3rd party damages, and claim your own?

If you are making an insurance claim you might as well include everything.

Jimmy Bottles

Henry Ford III wrote: »

Why would you pay the 3rd party damages, and claim your own?

If you are making an insurance claim you might as well include everything.

Certain reason which I'm not going to explain, I'd prefer it to play out this way. Simple as that.

Del2005

Jimmy Bottles wrote: »

Hi. I had a crash and I'm accepting responsibility for it.

Quick question, for various reasons I want to pay cash (a small sum) to the person I crashed into. That's the way they want it too (no insurance involvement). They are fully insured and above board.

At the same time, due to the cost involved, I want to claim off my insurance for my own cars repair. When I report the crash to my insurance provider, can I just claim for myself and tell them that I have settled personally with the person I crashed into ?




On other small question. I have no claims protection with 123.ie. Is my premium going to go up any bit eventhough I have this no claims protection with them in the event of a claim ?

You can just claim for yourself and pay the other guy off. Your premium will go come renewal, you have crashed and are a higher risk, but your NCD will remain.

If the amount you're paying the other guy is small enough that you can afford it won't make much difference come renewal, it's personal injuries that make claims expensive, to add it to the claim. Your insurance is taking the hit so you may aswell get the benefit

Jimmy Bottles

Del2005 wrote: »

You can just claim for yourself and pay the other guy off. Your premium will go come renewal, you have crashed and are a higher risk, but your NCD will remain.

If the amount you're paying the other guy is small enough that you can afford it won't make much difference come renewal, it's personal injuries that make claims expensive, to add it to the claim. Your insurance is taking the hit so you may aswell get the benefit

I'm paying roughly €600 per annum at the moment. Even with the NCD Protection, am I likely to see a big jump in my premium ?

Henry Ford III

Jimmy Bottles wrote: »

I'm paying roughly €600 per annum at the moment. Even with the NCD Protection, am I likely to see a big jump in my premium ?

Only your insurer can tell you that. Depends on the cost of the claim.

Your base premium may increase, your ncb is protected however, and moving insurers may be difficult.

Jimmy Bottles

Cost is likely to be in the region of €4,000.

oldyouth

OP, I know you stated you have reasons to pay the TP off the books, but, in my opinion they would want to be very good ones. The fact that you have done €4k damage to your vehicle indicates to me that the impact was strong enough, so there is always the possibility of an injury claim down the road. Just be careful

Cleveland Hot Pocket

Unless the reasons were life threatening, there's no way I'd be claiming and paying. It's one or the other.

Rose35

If you have your ncd protected then your premium will not go up at renewal time, I claimed for a wing mirror fix and have had two renewals since and my premium has remained the same, i am an axa customer. I think it only becomes a problem if you change insurers but after three years you have a clean sheet again.

Del2005

Rose35 wrote: »

If you have your ncd protected then your premium will not go up at renewal time, I claimed for a wing mirror fix and have had two renewals since and my premium has remained the same, i am an axa customer. I think it only becomes a problem if you change insurers but after three years you have a clean sheet again.

The premium isn't protected the NCD is, your claim was small enough not to affect the premium. The OP on the other hand has damaged 2 cars due to their driving so their premium will go up, as they are now a higher risk, but they still have full NCD once it's protected.

Rose35

Oh right must have misunderstood, only they told me a claim would not affect my premium at renewal, they would have to offer me same as previous year a bonus of having it protected, regardless of claim amount. Must look into that again though