Insurance oddball i think?

[Gregg]

well ive rang up, theyve sent out 2 letters to the car owner, they are now sending out a proceedings letter for debt collector or court proceedings, So things are moving along a bit now. So frustrating though being out of pocket

[Gregg]

have now found out im back to 0ncb until its sorted so i have £1500 to pay for my insurance instead of £600

did i mention i know where the woman lives who hit me !!!

[parapaul]

[dave45040]

have now found out im back to 0ncb until its sorted so i have £1500 to pay for my insurance instead of £600

did i mention i know where the woman lives who hit me !!!

As someone mentioned earlier, until your Insurers get the money back (or a court order confirming that they eventually will get it back) they have paid out for your repairs, they will 'step back' (or disallow) your No Claims Bonus hence the predicament you are in. Depending on the Insurers, this could be fairly quick, drag out for months (or years) or they may not even bother.

A good number of Insurance companies will put the onus back on you - after all, if you or your Uninsured Loss Recovery service battle to get your excess back, then your Insurers can just sit back and wait till this happens and then recover their money fairly easily. It is also more in your interest (i.e. excess, increased renewal premium) to do this than it is for them.

On the presumption that you now have to renew your policy / take out a new one at a higher premium without any No Cliams Bonus, if and when your No Claims Bonus is reinstated, you can apply this to your policy retrospectively, even if you are not insured with them any more.

One thing to bear in mind though is that the Insurance company that are the cheapest for you with no NCB will probably not be the cheapest if your NCB had not been effected. This is evident as you will now be having to pay approx £1500 for the year as opposed to maybe £600 (i.e. if your NCB should now be 3 years - say 50%) you would only be entitled to £750 back if and when the NCB is reinstated, which is still dearer than the original £550 - £600 you were initially quoted.