Step 1. Should I claim when I am not at fault and insured?
When you might claim with your own insurer The factors that may lead you to claim with your own insurer may include the following:
- You have an Agreed Value policy, which means your insurer will pay you more then what you could pursue from the other party in damages;
- You have a hire car benefit under your insurance policy that is generous ,
- The other party:
- is not insured;
- cannot be found;
- won’t admit fault;
- won’t tell you who their insurer is.
- may need to pay an excess (even if you are not at fault);
- may need to pay the remaining portion of your insurance premium (if you have been paying monthly);
- are subject to your contract of insurance about how the vehicle may be repaired or written off;
- are subject to the terms and conditions of your insurance, including any no claim bonuses.
- admits fault, and tells you who their insurer is;
- insurer agrees to pay you the repair cost or market value of your vehicle;
- you want to repair your car and if you claim on your insurance your insurer may write off the car;
- there is only minor damage (possibly less than your excess).