Hi guys,

 

Last month I wrote of my car in an accident deemed to be my fault and have received a payout for the vehicle, which I have used to purchase a 2008 Fabia. I was told during the claim that my no claims bonus would be reduced to 0. After digging around I have not been able to establish if this would affect my current policy if I were to insure my new vehicle with my previous company (Admiral) until the original end date of the policy. When I call them up for a quote to change my vehicle from the one written off to the new one, they say that there is 2 years NCB on the policy, is this still valid until the policy ends? and it will then disappear during renewal? or should I tell them I don't have any?

 

Nothing online to help with this as far as I can find.

 

Sathit

Wasn't the Admiral policy cancelled when you received a payout for the written off vehicle?

Wasn't the Admiral policy cancelled when you received a payout for the written off vehicle?

 

Yep but they also said that I was able to insure another vehicle under the policy in replace of it, also if I wanted to I could buy the car back and repair myself, with VIC check I could also reinsure the vehicle under same policy.

 

"Our Claims Department have advised us that your car has been written off

(this is either due to damage or theft), and so we are unable to continue

insurance on your car registration *******. As a result, all insurance cover

for this vehicle is cancelled for you and any other drivers on the policy

with effect from******* at 00.01. This includes the Driving of Other Cars

Extension,if applicable.

Your existing documents, including your Certificate of Motor Insurance, are

no longer valid. If you have not already done so, could you please return

them to us. If your policy is reinstated, we will send you new documents.

If you want to enquire about reinstating your policy on your existing or

another car please give us a call."

 

Sathit

The insurance has been cancelled for the car it was taken out on, but the car wasn't insured. The driver is insured, and the vehicle is noted on the policy as the car he's insured to drive. So when the car was written off the policy for driving that vehicle was cancelled but the driver is technically still insured (even though there is no car on the policy). You can replace the written off vehicle and have a new vehicle applied to the policy and they'll send you new documents with the new vehicle on them.

 

They can't penalise you mid policy for having an accident (other than your excess) and your no claims will continue until the policy ends at which time you'll have zero no claims. They will probably charge you a policy premium for a different car added to the policy mid term (based on the fact that you've had an accident) but that's the way they work.

Thank you. That makes sense.

Yeah thanks rustynuts, I thought the case would be something like that, I just wanted to confirm as when getting quotes when changing my car I've asked whether loss of NCB will affect before renewal and the guy said yeah once the claim is resolved it 'may' do, but other people also from admiral have said it won't, was just a bit concerned.

Thanks for that.

Sathit

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