Do you have to pay excess on third party insurance?
Answers:
you probably do
Yep you have to pay an excess on any insurance policy.
Check the details of your policy, it could range from £50 - £200
If it was not your fault though - and the other party has admitted this - then it will go through their insurance. Their insurance will pay for the damange not yours, so you shouldnt have to pay anything. Its only if you are claiming on your insurance that you will.
More than likely
Yes unless you agreed in your plicy not to (would have been more expensive). You will find the answer in your documentation!
yes your insurance broker should advise you of any compulsary excess.
If they can they will
Sorry to hear about your mishap - If it was not your fault there should be no claim on your insurance. If you haven't reported it to your insurance company, you must do so straight away. You should also be making a claim against the other persons insurance for the damage to your car.
if you are claiming on yoiur insurance then you will have to pay the excess. if you are claiming on 'their' insurance then you should be paid in full, or the work should be done without 'their' insurers making you pay for anything.
The principle is very very easy to demonstrate. if the other side has admitted liability, or you have witnesses who will back you up and demonstrate its "their" fault then it costs you nothing.
In essence if it was the other persons fault then you don't need to contact your insurers at all. If you already have then make sure that they are noting the incident as the other parties fault, otherwise it will be on your record and will cost money (not just the excess but over the next few years in claim free bonus's.
It is the norm that third party insurance does not include an excess. A excess payment is a way of reducing your payment when you take out a comprehensive cover.
Third party only covers you for the damage you do to other cars. you will receive no payment for your damage unless it was not your fault.
Good luck
read the question she is only 3rd party she can not claim on her own car . if the accident wasn't your fault the other party insurance pay so you have no excess . if its your fault or knock for knock then you wont pay an excess on your insurance because you cant claim on your insurance you are only 3rd party get it
Yes is this will vary you can pay more excess so your insurance is cheaper.
Mmmm, I'm inclined to think no, you don't have to pay excess if you have third party only insurance, whatever the circumstances of any claim. But I will follow the answers with interest. :-)
No, you don't pay any excess on your third party cover.
if they have your car then yes you do but if its not your fault then you can claim it back. a long prosess but you must keep on at them!
In UK?
As you only have third party insurance then the insuarnce company will only pay for any damage you cause. They wont repair your car. Third party claims do not have an excess.
So, if your fault then your insrance company will pay to repair the third party, or the thing you hit. Your car is not insured for at fault damage.
If not your fault then use a loss recovery company (depending on who you got your policy from, this may be included in your policy) to recover the cost to repair your car from the other persons insurer.
Your insurance company may well settle for knock for knock as this usually means that the insurance companies agree to repair their 'own' cars. This is beacuse is cost them less that to argue the case in difficult accidnets. As your insurnace company dont insure your car for own damage then the claim would cost them nothing but you would still lose yor no claim bonus as you would be deemed to be "at fault"
Also, as you are Thrid party your insurance company will not do any of the 'fighting' for you as they can only recover their loss and as your car isnt insured for its own damage then they have no case/reason to pursue the other party.
Speak to your insurers or brokers and ask them for help. You may have an uninsured loss recovery policy anyway. If not, and you have agood case, there are lots of solisitors that may take on your case for no fee.. your remember claims direct? Dont sign any loan agreements though!
Best of luck, I know all this can be worrying and you will feel fustraded..
Depends on the policy you took out - always read the small print!
The answers post by the user, for information only, UKQnA.com does not guarantee the right.