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Third party insurance claim?

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  • Tripper
    replied
    Agree with spammy so dont listen to him cause its the internets so dont listen to his opinion

    Leave a comment:


  • Spammy
    replied
    Speak to your panel beater and ask him what you should do. Be careful of internet forum opinions, most of them are wrong.

    Leave a comment:


  • Luke352
    replied
    Bringing this back up.

    Background, we actually have a new car coming next week so the current car is about to go into panel beaters in 2 weeks to get a minor rear bumper repair and detail so we can then list it for sale. Repairer is more of a specialist restoration shop and doesn't like to do any insurance work.

    Someone just backed into nopics at the shops and hit the front qtr panel. Now do we try and get the other person to claim it all through their insurance and try to push for a cash settlement from their insurer so we can get said repairer mentioned above to do it a the same time. Do we just claim through our insurer and again just get a cash settlement but if I then cancel the policy a few weeks later are they going to want me to pay the remainder of the annual policy that hasn't been paid yet despite it just being due to the vehicle being sold and not written off per some of the posts above?

    Leave a comment:


  • Ribfeast
    replied
    If you get cash settled, then if the repairs are no good then you'll have issues getting it rectified with the insurer later I suspect. If you plan to just leave the car unrepaired, then different story.

    Leave a comment:


  • quewastaken
    replied
    "Hello, I would like to be cash settled for the cost of repair and I will organise it myself"


    Who are you insured with and who is the at fault party insured with? Images of the damaged Yaris?

    Leave a comment:


  • Cock Fist
    replied
    Originally posted by Skidder View Post

    Incorrect. If the other insurer thinks it's also a total loss they will write it off too.
    Uhh.. a company that you don't have any contract with has never, and will never, have legal rights to knock your car on the head.
    If they believe it's uneconomical to repair, they will cash settle you, yes, but they cannot total loss your car.

    Leave a comment:


  • Ribfeast
    replied
    Is your policy market value or agreed value? Market value may work in your favour at present.

    Try and claim on their policy if they are cooperative. This way you can refund the unused portion of your premium, and avoid paying an excess (even though you might get it back).

    Leave a comment:


  • nopistons
    replied
    Who is the insurer?

    Last year I had this same deal, both drivers covered by NRMA. We had comprehensive cover, unsure what other driver had. She drove into our car at 2am.

    I told NRMA what happened: this is the event, I'm a paying customer, here is the other drivers details, this is the other drivers insurance policy #.

    They took both cars and told us ours is a writeoff, here is your agreed value. They keep the car, no ifs or buts. itS tHe LaW. Got massively stonewalled, couldn't talk to anyone who could answer questions, let alone help. They are keeping our car and refusing to talk to me about it.

    Figured out in the end that they put the claim through on MY insurance and waived the excess, which had completely different rules. With NRMA, for payouts under 10k, keep the car. In this case, $9800 was agreed value on the rough car I bought several years ago, but fixed up. Current market starts at 13k for worse cars. By going through the other lady's third party, I got paid out market value of 12k and kept the car.

    I understand you may be less attached to your Yaris, but this is just an example to say outcomes are not equal going through someone elses third party vs. going through your own cover with excess waived.

    Leave a comment:


  • Spammy
    replied
    Originally posted by IMOA View Post
    It is likely your son’s insurance policy has some clauses around the necessity to report all potential claims to them in a timely manner. This is the same insurance company that will be paying out on the claim as it also insures the at fault driver. I wouldn’t be playing silly buggers.
    We have 28 days to lodge a claim, and no silly buggers here.

    Leave a comment:


  • IMOA
    replied
    It is likely your son’s insurance policy has some clauses around the necessity to report all potential claims to them in a timely manner. This is the same insurance company that will be paying out on the claim as it also insures the at fault driver. I wouldn’t be playing silly buggers.

    Leave a comment:


  • Skidder
    replied
    Originally posted by Spammy View Post
    Long story short, someone reversed into my son's car. My son has fully comprehensive insurance, the other driver only has 3rd party insurance. We have all the details of the other driver.

    If we lodge a claim on my son's insurance we won't have to pay an excess but I'm concerned the car might be written off. It's a 12 year old yaris but only has 20,000km on it, so it's worth more than the insurance value would suggest.

    Spoke to a panel beater and he recommended we get the other driver to lodge a claim on his policy as the insurance company then has no ability to write our the car off. Note : the other driver happens to have his policy with the same insurance company.

    Is this correct?
    Incorrect. If the other insurer thinks it's also a total loss they will write it off too.

    Suggest going through your own policy to see how that progresses. If it moves towards a total loss, figure out if the maket value is higher than the sum insured plus premium. If it is, withdraw your claim and go through their claim. Otherwise just continue with your claim.

    I work for an insurer so very familiar with this scenario.
    Last edited by Skidder; 06-07-21, 09:16 PM.

    Leave a comment:


  • Sturmovik
    replied
    If you use your insurance, and it's a write off you lose the amount of the annual premium. And if you pay by the month you have to pay out what's owing.
    This caught me out a while back.

    If I went through their insurance, you just cancel your policy and get reimbursed pro rata.
    Last edited by Sturmovik; 06-07-21, 08:35 PM.

    Leave a comment:


  • Spammy
    replied
    Originally posted by mizone View Post
    You claim against your insurance saying that he was at fault and admitted fault

    You claim and pay excess

    They fix the car and when they get their money back send you your excess to you
    Hmmm.. That's at odds with the with the both the details on my policy documents and what the panel beater dude advised.
    Last edited by Spammy; 06-07-21, 07:22 PM.

    Leave a comment:


  • mizone
    replied
    You claim against your insurance saying that he was at fault and admitted fault

    You claim and pay excess

    They fix the car and when the insurance company gets it's money back for the repair they send you your excess back to you

    Leave a comment:


  • Spammy
    started a topic Third party insurance claim?

    Third party insurance claim?

    Long story short, someone reversed into my son's car. My son has fully comprehensive insurance, the other driver only has 3rd party insurance. We have all the details of the other driver.

    If we lodge a claim on my son's insurance we won't have to pay an excess but I'm concerned the car might be written off. It's a 12 year old yaris but only has 20,000km on it, so it's worth more than the insurance value would suggest.

    Spoke to a panel beater and he recommended we get the other driver to lodge a claim on his policy as the insurance company then has no ability to write our the car off. Note : the other driver happens to have his policy with the same insurance company.

    Is this correct?
    Last edited by Spammy; 06-07-21, 07:10 PM.
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