Crashed into by stolen car

davlaa

Hi guys, looking for a bit of advice here. On my way home from work on Thursday I was hit by a stolen car (it's fully insured), I think my own is a write off but it's with the insurance assessors. Its got just over two years of payments to go.

If it is written off what do I get? The value of the car or the balance of the HP?

Thanks for the help!

CiniO

I don't think you will be able to claim from insurance of stolen car.

If accident wasn't your fault, imo you should be able to claim from mibi or directly from your insurance and they can recover cost of a claim from mibi which should save your NCB.

If accident was your own fault, then you can only claim from your own insurance and loose NCB.

RGS

If you have comp cover and the other car was stolen and liability rests with the other car, your insurers will deal with your claim without affecting your bonus as they are obliged to do under the mibi agreement.

If you don't have comp cover the mibi will deal with it.

The mibi is an insurer of last resort.

NUTLEY BOY

On value, I would expect the settlement to be the market value of the vehicle less salvage value less policy excess.